Shares of Nomad Foods Limited (NYSE:NOMD – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.00.
A number of equities research analysts have recently commented on the company. Mizuho dropped their price target on Nomad Foods from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, September 2nd. Credit Suisse Group dropped their price target on Nomad Foods to $25.00 in a research report on Monday, August 15th. Finally, StockNews.com lowered Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, September 2nd.
Get Nomad Foods alerts:Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NOMD. Brown Brothers Harriman & Co. acquired a new position in shares of Nomad Foods during the 2nd quarter worth approximately $25,000. Prospera Financial Services Inc bought a new position in shares of Nomad Foods during the 1st quarter worth approximately $27,000. Herold Advisors Inc. bought a new position in shares of Nomad Foods during the 1st quarter worth approximately $68,000. Capital Advisors Ltd. LLC boosted its stake in shares of Nomad Foods by 69.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,330 shares of the company's stock worth $75,000 after acquiring an additional 1,366 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Nomad Foods by 9.2% during the 4th quarter. SG Americas Securities LLC now owns 4,786 shares of the company's stock worth $122,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 92.55% of the company's stock.
Nomad Foods Price Performance
Shares of NOMD opened at $16.91 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.60 and a debt-to-equity ratio of 0.91. Nomad Foods has a 1 year low of $16.47 and a 1 year high of $28.92. The stock has a market cap of $2.92 billion, a P/E ratio of 12.62 and a beta of 0.63. The stock's 50-day moving average price is $18.26 and its two-hundred day moving average price is $19.66.Nomad Foods (NYSE:NOMD – Get Rating) last issued its earnings results on Wednesday, August 10th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. Nomad Foods had a return on equity of 11.35% and a net margin of 7.68%. The firm had revenue of $697.00 million for the quarter, compared to analysts' expectations of $681.73 million. During the same quarter last year, the business earned $0.48 earnings per share. The company's revenue was up 16.9% compared to the same quarter last year. On average, equities analysts predict that Nomad Foods will post 1.77 earnings per share for the current year.
About Nomad Foods
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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.
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