Nomad Foods Limited (NYSE:NOMD) shares traded -9.53% lower at $16.23 on Wall Street last session.
In accordance with the data, 10 analysts cover Nomad Foods Limited (NYSE:NOMD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.66 and a low of $17.95, we find $22.53. Given the previous closing price of $17.94, this indicates a potential upside of 25.59 percent. NOMD stock price is now -1.64% away from the 50-day moving average and -10.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.80B.
It has been rated a hold by 2 analysts and a buy by 7. Brokers who have rated the stock have averaged $22.11 as their price target over the next twelve months.
With the price target reduced from $25 to $20, Credit Suisse Downgraded its rating from Outperform to Neutral for Nomad Foods Limited (NYSE: NOMD). On March 30, 2022, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $26, while ‘Mizuho’ rates the stock as ‘Buy’.
A total of 15.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NOMD stock. A new stake in Nomad Foods Limited shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $147,702,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $71,636,000 in shares of NOMD during the first quarter. In the first quarter, SPX GESTAO DE RECURSOS LTDA acquired a new stake in Nomad Foods Limited valued at approximately $4,244,000. CITADEL ADVISORS LLC acquired a new stake in NOMD for approximately $2,674,000. TOWNSEND & ASSOCIATES, INC purchased a new stake in NOMD valued at around $1,880,000 in the second quarter. In total, there are 272 active investors with 85.70% ownership of the company’s stock.
Nomad Foods Limited (NYSE: NOMD) opened at $17.36 on Thursday. During the past 12 months, Nomad Foods Limited has had a low of $12.50 and a high of $26.89. As of last week, the company has a debt-to-equity ratio of 0.90, a current ratio of 1.20, and a quick ratio of 0.60. The fifty day moving average price for NOMD is $16.50 and a two-hundred day moving average price translates $18.17 for the stock.
The latest earnings results from Nomad Foods Limited (NYSE: NOMD) was released for Jun, 2022. According to the Packaged Foods Company, earnings per share came in at $0.39, missing analysts’ expectations of $0.41 by -0.02. This compares to $0.34 EPS in the same period last year. The net profit margin was 8.30% and return on equity was 9.90% for NOMD. The company reported revenue of $765.07 million for the quarter, compared to $706.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.24 percent. For the current quarter, analysts expect NOMD to generate $722.24M in revenue.
Nomad Foods Limited(NOMD) Company Profile
Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, 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. It also provides meals products that include ready to cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice-creams; and other products, such as soups, pizzas, bakery goods, and meat substitutes. The company sells its products to supermarkets and food retail chains directly or through distribution arrangements primarily under the Birds Eye, Iglo, Findus, Goodfella’s, La Cocinera, Ledo, Frikom, San Marco, and Aunt Bessie’s brands. Nomad Foods Limited is headquartered in Feltham, the United Kingdom.