Shares of Nomad Foods Ltd (NYSE:NOMD) have been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.67.
A number of research analysts have commented on NOMD shares. UBS Group set a $25.00 price target on shares of Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, January 22nd. Finally, TheStreet upgraded shares of Nomad Foods from a “c” rating to a “b” rating in a research report on Friday, March 29th.
NYSE NOMD traded up $0.47 on Monday, reaching $22.28. 5,584 shares of the company’s stock traded hands, compared to its average volume of 1,152,572. Nomad Foods has a 12 month low of $15.87 and a 12 month high of $21.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market capitalization of $4.15 billion, a P/E ratio of 15.72, a PEG ratio of 1.57 and a beta of 1.26.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Nomad Foods had a net margin of 5.83% and a return on equity of 9.84%. The business had revenue of $617.80 million for the quarter, compared to analysts’ expectations of $613.77 million. During the same period last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts expect that Nomad Foods will post 1.36 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of NOMD. Nkcfo LLC bought a new position in shares of Nomad Foods in the fourth quarter worth approximately $27,000. Synovus Financial Corp boosted its holdings in Nomad Foods by 1,303.9% in the fourth quarter. Synovus Financial Corp now owns 1,797 shares of the company’s stock valued at $30,000 after acquiring an additional 1,669 shares in the last quarter. Investors Research Corp bought a new stake in Nomad Foods in the first quarter valued at $41,000. KBC Group NV bought a new stake in Nomad Foods in the fourth quarter valued at $67,000. Finally, Advisor Group Inc. boosted its holdings in Nomad Foods by 87.1% in the fourth quarter. Advisor Group Inc. now owns 4,338 shares of the company’s stock valued at $72,000 after acquiring an additional 2,020 shares in the last quarter. Hedge funds and other institutional investors own 68.76% of the company’s stock.
About Nomad Foods
Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers.
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