Shares of Nomad Foods Ltd (NYSE:NOMD) have earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $25.00.
A number of brokerages have issued reports on NOMD. Zacks Investment Research lowered Nomad Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Barclays set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a report on Friday, August 9th.
Nomad Foods stock traded down $0.01 during midday trading on Friday, reaching $20.79. 21,387 shares of the stock traded hands, compared to its average volume of 942,757. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $20.04 and a two-hundred day moving average price of $20.90. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.72 and a beta of 1.02. Nomad Foods has a fifty-two week low of $15.87 and a fifty-two week high of $23.06.
Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Nomad Foods had a net margin of 6.43% and a return on equity of 9.50%. The firm had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $543.51 million. During the same quarter in the prior year, the firm earned $0.26 EPS. Nomad Foods’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts anticipate that Nomad Foods will post 1.36 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Keybank National Association OH boosted its stake in Nomad Foods by 3.7% during the 2nd quarter. Keybank National Association OH now owns 17,070 shares of the company’s stock valued at $365,000 after purchasing an additional 611 shares in the last quarter. First Bank & Trust increased its position in shares of Nomad Foods by 32.9% during the 2nd quarter. First Bank & Trust now owns 3,882 shares of the company’s stock valued at $83,000 after purchasing an additional 960 shares during the period. Gabelli Funds LLC raised its stake in shares of Nomad Foods by 1.3% in the 3rd 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Nomad Foods by 1.1% in the 2nd 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Nomad Foods in the 2nd quarter worth $29,000. 78.34% of the stock is currently owned by hedge funds and other institutional investors.
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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