Shares of Nomad Foods Ltd (NYSE:NOMD) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.00.
NOMD has been the topic of a number of research reports. Zacks Investment Research lowered Nomad Foods from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Barclays set a $25.00 target price on shares of Nomad Foods and gave the company a “buy” rating in a research report on Friday, August 9th.
NOMD stock traded down $0.01 during midday trading on Friday, hitting $20.79. 21,387 shares of the company’s stock were exchanged, compared to its average volume of 942,757. Nomad Foods has a one year low of $15.87 and a one year high of $23.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 1.70. The company has a market cap of $4.04 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.02. The stock’s fifty day moving average price is $20.04 and its 200-day moving average price is $20.90.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $543.51 million. Nomad Foods had a return on equity of 9.50% and a net margin of 6.43%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. On average, analysts expect that Nomad Foods will post 1.36 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in Nomad Foods by 3.7% in the 2nd quarter. Keybank National Association OH now owns 17,070 shares of the company’s stock valued at $365,000 after acquiring an additional 611 shares during the last quarter. First Bank & Trust lifted its position in Nomad Foods by 32.9% during the second quarter. First Bank & Trust now owns 3,882 shares of the company’s stock worth $83,000 after buying an additional 960 shares during the period. Gabelli Funds LLC lifted its position in Nomad Foods by 1.3% during the third quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock worth $1,640,000 after buying an additional 1,000 shares during the period. Vanguard Group Inc. lifted its position in Nomad Foods by 1.1% during the second quarter. Vanguard Group Inc. now owns 116,116 shares of the company’s stock worth $2,480,000 after buying an additional 1,248 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Nomad Foods in the 2nd quarter worth about $29,000. Institutional investors own 78.34% of the company’s stock.
Nomad Foods Company Profile
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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