Nomad Foods (NOMD) Hits New 1-Year High and Low at $18.11

Nomad Foods Limited (NYSE:NOMD) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $18.11 and last traded at $17.94, with a volume of 21507 shares. The stock had previously closed at $17.88.

NOMD has been the topic of several analyst reports. Zacks Investment Research raised Nomad Foods from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Saturday, March 17th. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.50.

The stock has a market cap of $3.11 billion, a P/E ratio of 13.88 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 1.30 and a debt-to-equity ratio of 0.77.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 10th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $539.22 million for the quarter, compared to analysts’ expectations of $536.39 million. Nomad Foods had a net margin of 7.78% and a return on equity of 10.42%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. analysts expect that Nomad Foods Limited will post 1.36 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Invictus RG increased its position in Nomad Foods by 190.3% in the fourth quarter. Invictus RG now owns 45,359 shares of the company’s stock worth $767,000 after buying an additional 29,735 shares in the last quarter. Caxton Associates LP purchased a new stake in Nomad Foods in the fourth quarter worth about $702,000. Bailard Inc. purchased a new stake in Nomad Foods in the fourth quarter worth about $786,000. AMP Capital Investors Ltd increased its position in Nomad Foods by 37.5% in the fourth quarter. AMP Capital Investors Ltd now owns 75,645 shares of the company’s stock worth $1,279,000 after buying an additional 20,622 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Nomad Foods by 60.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 68,708 shares of the company’s stock worth $1,162,000 after purchasing an additional 25,894 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

About Nomad Foods

Nomad Foods Limited manufactures and distributes frozen foods in Western 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, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.

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