Nomad Foods is a food company located in United Kingdom, which is part of the Consumer Defensive sector, and is traded under the ticker NOMD on the NYSE exchange.
Nomad Foods stock last closed at $17.65, down 1.29% from the previous day, and has decreased 14.86% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.18 percentage points. Nomad Foods stock is currently +41.2% from its 52-week low of $12.50, and -14.92% from its 52-week high of $20.75.
As of Jun 5, 2023, there are 174.5M shares of NOMD outstanding. The market capitalization of NOMD is $3.08B. In the past 24 hours, 309,501 NOMD shares were traded.
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You can see all of the due diligence checks on NOMD's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge NOMD's intrinsic value.
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Out of 4 Wall Street analysts who research NOMD, the consensus analyst rating on NOMD is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Lauren Lieberman, a top 31% analyst from Barclays maintains NOMD with a strong buy rating and raises their NOMD price target from $21.00 to $22.00, on May 12, 2023.
Robert Moskow, a top 5% analyst from Credit Suisse reiterates NOMD with a hold rating and maintains their NOMD price target from $20.00 to $20.00, on Feb 27, 2023.
Jason English, a bottom 16% analyst from Goldman Sachs upgrades NOMD to a strong buy rating and announces their NOMD price target of $21.00, on Feb 27, 2023.
Steve Powers, a top 9% analyst from Deutsche Bank maintains NOMD with a strong buy rating and raises their NOMD price target from $21.00 to $24.00, on Feb 24, 2023.
Maintaining his Strong Buy rating, Powers raised his price target on Nomad Foods Limited by 14.3% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/23.
Given the company's "operating environment" in Europe, Nomad reported a "challenging" set of results, the analyst told investors.
Nomad Foods reported:
For Q4 2022:
For FY 2022:
For FY 2023, management guided:
CEO Stéfan Descheemaeker commented: "Looking ahead to 2023, the frozen food category remains great value for consumers, and we have exciting plans in place to deliver strong operational results to build value for our shareholders.”
Co-chairman and founder Noam Gottesman added: "We enter 2023 with sales momentum, strong underlying cash generation, and financial flexibility providing the opportunity to prudently deploy capital to create value for shareholders.
"In addition to our ability to return capital to shareholders, we believe we have the right operational and financial plans in place to drive sustainable growth to compound value into the future."
You can dig deeper into what analysts are projecting on the Nomad Foods stock forecast page.
Last year, NOMD earnings were $305.60M. In the past 5 year, NOMD's earnings have increased by 9.92% per year. This was faster than the Packaged Foods industry average of -0.63%.
Last year, NOMD revenue was $3.28B. In the past five year, NOMD's revenue has increased by 6.15% per year. This was slower than the Packaged Foods industry average of 7.37%.
You can research NOMD's earnings and revenue performance here.
In the past year, executives and large shareholders at NOMD have not bought or sold any shares.
Research more about who owns NOMD stock here.
No, Nomad Foods doesn't provide an income stream by paying out dividends.
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