Shares of Nomad Foods Ltd (NYSE:NOMD) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.00.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Nomad Foods from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. TheStreet raised shares of Nomad Foods from a “d” rating to a “c” rating in a research note on Tuesday, October 16th. Credit Suisse Group started coverage on shares of Nomad Foods in a research note on Tuesday, July 17th. They issued an “outperform” rating and a $24.00 price objective on the stock. Barclays started coverage on shares of Nomad Foods in a report on Friday, October 5th. They issued an “overweight” rating on the stock. Finally, UBS Group upped their target price on shares of Nomad Foods from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 10th.
NYSE NOMD traded up $0.49 during trading hours on Thursday, reaching $19.59. The company’s stock had a trading volume of 71,321 shares, compared to its average volume of 1,164,986. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.93 and a beta of 0.70. Nomad Foods has a fifty-two week low of $14.32 and a fifty-two week high of $21.15. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90.
Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in Nomad Foods by 4.5% in the 2nd quarter. Janus Henderson Group PLC now owns 4,436,024 shares of the company’s stock valued at $85,127,000 after purchasing an additional 192,754 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Nomad Foods by 90.4% in the 2nd quarter. Macquarie Group Ltd. now owns 329,479 shares of the company’s stock valued at $6,323,000 after purchasing an additional 156,464 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Nomad Foods by 50.0% in the 2nd quarter. Gabelli Funds LLC now owns 18,000 shares of the company’s stock valued at $345,000 after purchasing an additional 6,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Nomad Foods in the 2nd quarter valued at about $1,482,000. Finally, Sei Investments Co. purchased a new position in Nomad Foods in the 2nd quarter valued at about $327,000. Institutional investors own 73.18% 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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