Nomad Foods Limited (NYSE:NOMD) Receives Consensus Rating of “Buy” from Analysts

Shares of Nomad Foods Limited (NYSE:NOMDGet Rating) have received an average recommendation of “Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $29.75.

A number of research analysts have recently weighed in on NOMD shares. Credit Suisse Group cut their price target on Nomad Foods from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 12th. The Goldman Sachs Group cut their price target on Nomad Foods from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nomad Foods from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Zacks Investment Research cut shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Finally, Jefferies Financial Group lowered their price objective on shares of Nomad Foods from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 30th.

Shares of NYSE:NOMD opened at $20.93 on Friday. The company has a 50 day moving average of $22.46 and a 200-day moving average of $24.64. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.96 and a quick ratio of 0.54. Nomad Foods has a one year low of $19.75 and a one year high of $31.85. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 17.44 and a beta of 0.63.

Nomad Foods (NYSE:NOMDGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $707.38 million. Nomad Foods had a return on equity of 12.13% and a net margin of 6.97%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. Equities research analysts anticipate that Nomad Foods will post 1.9 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in Nomad Foods during the 4th quarter worth about $32,000. Capital Advisors Ltd. LLC bought a new position in shares of Nomad Foods in the 4th quarter valued at about $50,000. Herold Advisors Inc. bought a new position in shares of Nomad Foods in the 3rd quarter valued at about $82,000. PNC Financial Services Group Inc. grew its holdings in shares of Nomad Foods by 32.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,614 shares of the company’s stock valued at $101,000 after acquiring an additional 879 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Nomad Foods by 9.2% in the 4th quarter. SG Americas Securities LLC now owns 4,786 shares of the company’s stock valued at $122,000 after acquiring an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 76.46% of the company’s stock.

About Nomad Foods (Get Rating)

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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Analyst Recommendations for Nomad Foods (NYSE:NOMD)

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