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.
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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