Should I buy or sell Nomad Foods stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nomad Foods in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOMD shares. View NOMD analyst ratings or view top-rated stocks .

What is Nomad Foods' stock price target for 2024?

5 equities research analysts have issued 1-year price objectives for Nomad Foods' stock. Their NOMD share price targets range from $18.00 to $24.00. On average, they expect the company's stock price to reach $21.20 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View analysts price targets for NOMD or view top-rated stocks among Wall Street analysts .

How have NOMD shares performed in 2023?

Nomad Foods' stock was trading at $17.24 at the beginning of the year. Since then, NOMD shares have decreased by 4.2% and is now trading at $16.52. View the best growth stocks for 2023 here .

Are investors shorting Nomad Foods?

Nomad Foods saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,670,000 shares, an increase of 22.8% from the October 31st total of 1,360,000 shares. Based on an average daily trading volume, of 784,600 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.2% of the company's stock are sold short. View Nomad Foods' Short Interest .

When is Nomad Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our NOMD earnings forecast .

How were Nomad Foods' earnings last quarter?

Nomad Foods Limited (NYSE:NOMD) posted its quarterly earnings results on Thursday, November, 9th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm earned $830.98 million during the quarter. Nomad Foods had a net margin of 6.79% and a trailing twelve-month return on equity of 10.56%.

What ETFs hold Nomad Foods' stock?

ETFs with the largest weight of Nomad Foods (NYSE:NOMD) stock in their portfolio include Qraft AI-Enhanced Next Value ETF (NVQ) . Fidelity Small-Mid Cap Opportunities ETF (FSMO) .

What guidance has Nomad Foods issued on next quarter's earnings?

Nomad Foods issued an update on its FY23 earnings guidance on Thursday, November, 9th. The company provided earnings per share (EPS) guidance of €1.57-1.60 for the period, compared to the consensus estimate of $1.56.

What is Stefan Descheemaeker's approval rating as Nomad Foods' CEO?

9 employees have rated Nomad Foods Chief Executive Officer Stefan Descheemaeker on Glassdoor.com . Stefan Descheemaeker has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Nomad Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nomad Foods investors own include InterDigital (IDCC) , Pfizer (PFE) , Verizon Communications (VZ) , AbbVie (ABBV) , Advanced Micro Devices (AMD) , Cisco Systems (CSCO) , Procter & Gamble (PG) , RTX (RTX) , STAG Industrial (STAG) and Target (TGT) .

Who are Nomad Foods' major shareholders?

Nomad Foods' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (9.81%), Allspring Global Investments Holdings LLC (4.60%), Wellington Management Group LLP (4.14%), Boston Partners (3.16%), Brown Advisory Inc. (2.99%) and Fuller & Thaler Asset Management Inc. (2.98%).

How do I buy shares of Nomad Foods?

Shares of NOMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Nomad Foods Stock Price, News & Analysis (NYSE:NOMD)

$16.52

+0.27 (+1.66%)

(As of 02:57 PM ET)

Compare

Today's Range: $16.15
▼
$16.54
50-Day Range: $13.61
▼
$16.47
52-Week Range: $13.56
▼
$19.76

Volume: 341,513 shs
Average Volume: 631,756 shs
Market Capitalization: $2.88 billion

P/E Ratio: 12.91
Dividend Yield: N/A
Price Target: $21.20

Nomad Foods MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 28.3% Upside
$21.20 Price Target
Short Interest: Healthy
1.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.08
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.25%
From $1.73 to $1.89 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Consumer Staples Sector

47th out of 134 stocks

Food & Kindred Products Industry

8th out of 16 stocks

3.4

Analyst's Opinion

Consensus Rating
Nomad Foods has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.20, Nomad Foods has a forecasted upside of 28.3% from its current price of $16.52.
Amount of Analyst Coverage
Nomad Foods has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.16% of the float of Nomad Foods has been sold short.
Short Interest Ratio / Days to Cover
Nomad Foods has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nomad Foods has recently increased by 22.79%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nomad Foods does not currently pay a dividend.
Dividend Growth
Nomad Foods does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NOMD.

1.6

News and Social Media Coverage

News Sentiment
Nomad Foods has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Nomad Foods this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for NOMD on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nomad Foods insiders have not sold or bought any company stock.
Percentage Held by Institutions
74.44% of the stock of Nomad Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Nomad Foods are expected to grow by 9.25% in the coming year, from $1.73 to $1.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nomad Foods is 12.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nomad Foods is 12.91, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.53.
Price to Book Value per Share Ratio
Nomad Foods has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nomad Foods Stock (NYSE:NOMD)

Nomad Foods Limited manufactures, markets, and distributes a range of frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, Serbia, Croatia, Switzerland, and rest of Europe. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready to cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice-creams; and other products consisting of soups, pizzas, bakery goods, and meat substitutes. The company sells its products to supermarkets and food retail chains directly or through distribution arrangements primarily under the Birds Eye, iglo, Findus, Green Cuisine, Aunt Bessie's, Goodfella's, Frikom, Ledo, La Cocinera, and Belviva brand names. Nomad Foods Limited was founded in 2014 and is headquartered in Feltham, the United Kingdom.

NOMD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NOMD Stock News Headlines

December 2, 2023 | americanbankingnews.com

Nomad Foods Limited (NYSE:NOMD) Receives Average Recommendation of "Moderate Buy" from Analysts

November 30, 2023 | finance.yahoo.com

Wall Street Analysts See a 38.8% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?

December 4, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 16, 2023 | msn.com

Why Nomad Foods (NOMD) Should Be Up More After It’s Q3 Report

November 14, 2023 | finance.yahoo.com

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 34.97%: Read This Before Placing a Bet

November 10, 2023 | markets.businessinsider.com

Nomad Foods’ Positive Performance and Prospective Dividends Reinforce Buy Recommendation

November 10, 2023 | finance.yahoo.com

Nomad Foods Limited (NYSE:NOMD) Q3 2023 Earnings Call Transcript

November 9, 2023 | finanznachrichten.de

Nomad Foods Limited: Nomad Foods Reports Third Quarter 2023 Financial Results

December 4, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 9, 2023 | finance.yahoo.com

Nomad Foods Reports Third Quarter 2023 Financial Results

November 8, 2023 | morningstar.com

Nomad Foods Ltd NOMD

November 8, 2023 | msn.com

Nomad Foods Q3 2023 Earnings Preview

November 8, 2023 | benzinga.com

Earnings Preview For Nomad Foods

October 27, 2023 | finance.yahoo.com

Implied Volatility Surging for Nomad Foods (NOMD) Stock Options

October 26, 2023 | finance.yahoo.com

Nomad Foods to Report Third Quarter 2023 Results on Thursday, November 9, 2023

October 17, 2023 | markets.businessinsider.com

Buy Recommendation for Nomad Foods: Growth Potential and Value Enhancement Strategies Highlighted

October 16, 2023 | finance.yahoo.com

Nomad Foods (NYSE:NOMD) shareholders have endured a 44% loss from investing in the stock three years ago

October 5, 2023 | markets.businessinsider.com

Analysts Offer Insights on Consumer Goods Companies: Nomad Foods (NOMD) and Molson Coors (TAP)

October 1, 2023 | seekingalpha.com

Nomad Foods: Stable Prospects, Fairly Valued

September 26, 2023 | finance.yahoo.com

Here's What To Make Of Nomad Foods' (NYSE:NOMD) Decelerating Rates Of Return

September 18, 2023 | finance.yahoo.com

Nomad Foods Announces Term Loan Repricing

September 15, 2023 | markets.businessinsider.com

BTIG Keeps Their Buy Rating on Nomad Foods (NOMD)

September 7, 2023 | msn.com

Nomad Foods reprices USD term loan

September 7, 2023 | finance.yahoo.com

Nomad Foods Announces Launch of Repricing of its USD Senior Secured Term Loan

September 6, 2023 | finance.yahoo.com

Nomad Foods (NOMD) Reaffirms Q3 & Full-Year 2023 Guidance

September 5, 2023 | finance.yahoo.com

Nomad Foods Reiterates Full Year 2023 Guidance Ahead of Fireside Chat at the Barclays Global Consumer Staples Conference

August 22, 2023 | finance.yahoo.com

Nomad Foods to Participate in Fireside Chat at the Barclays Global Consumer Staples Conference on September 5, 2023

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Food & kindred products
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NYSE:NOMD
CUSIP: N/A
CIK: 1651717
Web: www.nomadfoods.com
Phone: 442089183200
Fax: 44-20-8918-3491
Employees: 7,535
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $21.20
High Stock Price Target: $24.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +29.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.28
Trailing P/E Ratio: 12.84
Forward P/E Ratio: 9.50
P/E Growth: N/A
Net Income: $263.19 million
Net Margins: 6.79%
Pretax Margin: 8.42%
Return on Equity: 10.56%
Return on Assets: 4.37%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 1.18
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $3.10 billion
Price / Sales: 0.93
Cash Flow: $2.36 per share
Price / Cash Flow: 6.97
Book Value: $15.91 per share
Price / Book: 1.03

Miscellaneous

Outstanding Shares: 174,460,000
Free Float: N/A
Market Cap: $2.87 billion
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Noam Gottesman (Age 62)
Co-Founder & Co-Chairman
Sir Martin Ellis Franklin (Age 58)
Co-Founder & Co-Chairman
Mr. Stefan Descheemaeker (Age 63)
CEO & Director
Mr. Samy Rene Zekhout (Age 60)
CFO & Director
Mr. Taposh Bari CFA
CPA, Head of Investor Relations
Mr. Neil Stephen Fletcher
General Counsel
Mr. Steven Libermann
Executive President of Southern Europe, FBN, UK & Ireland and Global Sales
Mr. Steve Challouma
Chief Marketing Officer
Ms. Harriet Hounsell
Chief People Officer
Ms. Antje Schubert
Executive President of Adriatics, Nordics & DACH

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NOMD Stock Analysis - Frequently Asked Questions

Should I buy or sell Nomad Foods stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nomad Foods in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOMD shares.
View NOMD analyst ratings or view top-rated stocks.
What is Nomad Foods' stock price target for 2024?: 5 equities research analysts have issued 1-year price objectives for Nomad Foods' stock. Their NOMD share price targets range from $18.00 to $24.00. On average, they expect the company's stock price to reach $21.20 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
View analysts price targets for NOMD or view top-rated stocks among Wall Street analysts.
How have NOMD shares performed in 2023?: Nomad Foods' stock was trading at $17.24 at the beginning of the year. Since then, NOMD shares have decreased by 4.2% and is now trading at $16.52.
View the best growth stocks for 2023 here.
Are investors shorting Nomad Foods?: Nomad Foods saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,670,000 shares, an increase of 22.8% from the October 31st total of 1,360,000 shares. Based on an average daily trading volume, of 784,600 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.2% of the company's stock are sold short.
View Nomad Foods' Short Interest.
When is Nomad Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our NOMD earnings forecast.
How were Nomad Foods' earnings last quarter?: Nomad Foods Limited (NYSE:NOMD) posted its quarterly earnings results on Thursday, November, 9th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm earned $830.98 million during the quarter. Nomad Foods had a net margin of 6.79% and a trailing twelve-month return on equity of 10.56%.

What ETFs hold Nomad Foods' stock?: ETFs with the largest weight of Nomad Foods (NYSE:NOMD) stock in their portfolio include Qraft AI-Enhanced Next Value ETF (NVQ).Fidelity Small-Mid Cap Opportunities ETF (FSMO).
What guidance has Nomad Foods issued on next quarter's earnings?: Nomad Foods issued an update on its FY23 earnings guidance on Thursday, November, 9th. The company provided earnings per share (EPS) guidance of €1.57-1.60 for the period, compared to the consensus estimate of $1.56.
What is Stefan Descheemaeker's approval rating as Nomad Foods' CEO?: 9 employees have rated Nomad Foods Chief Executive Officer Stefan Descheemaeker on Glassdoor.com. Stefan Descheemaeker has an approval rating of 90% among the company's employees.
What other stocks do shareholders of Nomad Foods own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Nomad Foods investors own include InterDigital (IDCC), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Procter & Gamble (PG), RTX (RTX), STAG Industrial (STAG) and Target (TGT).
Who are Nomad Foods' major shareholders?: Nomad Foods' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (9.81%), Allspring Global Investments Holdings LLC (4.60%), Wellington Management Group LLP (4.14%), Boston Partners (3.16%), Brown Advisory Inc. (2.99%) and Fuller & Thaler Asset Management Inc. (2.98%).
How do I buy shares of Nomad Foods?: Shares of NOMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NOMD) was last updated on 12/4/2023 by MarketBeat.com Staff

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