How to Buy Nomad Foods Stock
Nomad Foods Ltd
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.
How to Buy Nomad Foods Stock
Wondering how to invest in Nomad Foods stock? Here's how.
- Figure out where to buy Nomad Foods stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Nomad Foods stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- Evaluate Nomad Foods stock: The Nomad Foods ticker symbol is NOMD. Is Nomad Foods stock a good investment? Should you buy shares of NOMD? How do NOMD's underlying business fundamentals look? Do top analysts think Nomad Foods is a good buy? Why has NOMD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if NOMD is a good stock to buy).
- Place your NOMD purchase: Decide if you will purchase NOMD shares at the current market price or use a limit order to purchase NOMD shares at a specific price.
- Get the latest scoop on your NOMD position: Create a watchlist to track your new investment in Nomad Foods shares.
Step 1: Figure out where to buy Nomad Foods stock
You need an online brokerage account to access the NYSE market and buy NOMD stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you are able to buy NOMD stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to open your new brokerage account.
- Send your info by pressing the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've created your account on the best stock trading app, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Nomad Foods stock
Once you have selected the best place to buy Nomad Foods stock, it's absolutely critical to evaluate their stock before you buy, so you can understand the risk as well as the upside.
Nomad Foods Metrics
Fundamentals of Nomad Foods
WallStreetZen was built to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on NOMD's stock page.
Is NOMD stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NOMD's intrinsic value.
Using relative valuations metrics:
- NOMD could be undervalued based on its P/E ratio of 10.1x, relative to Packaged Foods industry P/E ratio of 21.2x
- NOMD may be undervalued based on its P/B ratio of 1.06x, relative to Packaged Foods industry P/B ratio of 2.37x
- NOMD could be undervalued based on its PEG ratio of 0.83x
You can do additional valuation research on NOMD's stock here.
NOMD Financial Health
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the NOMD balance sheet.
- NOMD earnings of $466.92M is not enough to cover its interest payments.
- Total NOMD debt is lower than 5 years ago, relative to shareholder equity.
- NOMD profit margin has gone up from 7.9% to 9.3% in the past year.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the NOMD balance sheet.
- NOMD has a relatively high debt to equity ratio of 1.43.
- NOMD's operating cash flow of $308.68M allows it to safely service it's debt of $2.38B.
Do Wall Street analysts think it's a good time to buy Nomad Foods stock
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.
Latest NOMD Analyst Ratings
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:
- EPS of €0.33, which missed the Zacks Consensus Estimate of €0.35 but matched Q4 2021's €0.33.
- Revenue of €750.2M, which missed the Zacks Consensus Estimate by 2.8% but beat, by 6.6%, Q4 2021's €704M.
- EBITDA of €113M.
For FY 2022:
- EPS of €1.43 which beat, by 40.2%, FY 2021's €1.02.
- Revenue of €2.94B which beat, by 12.8%, FY 2021's €2.61B.
- EBITDA of €524M, up 8% Y/Y.
For FY 2023, management guided:
- EPS of €1.50 to €1.55.
- Mid-single-digit revenue growth.
- Cash flow conversion of 90% to 95%.
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.
NOMD Trading Indicators
Is NOMD Making Money?
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.
Are NOMD insiders buying or selling the stock?
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.
Can I get consistent income from NOMD stock?
No, Nomad Foods doesn't provide an income stream by paying out dividends.
What others are saying about NOMD
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your NOMD purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and eToro will place the order.
If you require additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your NOMD position
Now that you own some NOMD shares, you'll want to keep up with your new investment.
Start a watchlist to get the latest updates about your NOMD stock.
NOMD Feed
How to Buy Stock in Nomad Foods
To summarize, here are the 6 steps you need to take to buy Nomad Foods stock right now:
- Figure out where to buy Nomad Foods stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Nomad Foods stock
- Place your NOMD purchase
- Get the latest scoop on your NOMD position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your new investment in Nomad Foods, add NOMD to your watchlist below.
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