NYSE:NOMD

Nomad Foods (NOMD) Stock Forecast, Price & News

$14.90

-0.32 (-2.10%)

(As of 11:09 AM ET)

Compare

Today's Range: $14.88
▼
$15.31
50-Day Range: $15.22
▼
$18.65
52-Week Range: $12.50
▼
$19.76

Volume: 360,543 shs
Average Volume: 593,113 shs
Market Capitalization: $2.60 billion

P/E Ratio: 11.92
Dividend Yield: N/A
Price Target: $22.00

Nomad Foods MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 47.7% Upside
$22.00 Price Target
Short Interest: Healthy
0.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.21
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.47%
From $1.69 to $1.85 Per Share

Overall MarketRank^™

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

2.77 out of 5 stars

Consumer Staples Sector

34th out of 133 stocks

Food & Kindred Products Industry

6th 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 $22.00, Nomad Foods has a forecasted upside of 47.7% from its current price of $14.90.
Amount of Analyst Coverage
Nomad Foods has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.71% 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, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nomad Foods has recently decreased by 11.97%, indicating that investor sentiment is improving 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.

1.8

News and Social Media Coverage

News Sentiment
Nomad Foods has a news sentiment score of 0.21. 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 0.64 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Nomad Foods this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for NOMD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Nomad Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Nomad Foods are expected to grow by 9.47% in the coming year, from $1.69 to $1.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nomad Foods is 11.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nomad Foods is 11.92, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.13.
Price to Book Value per Share Ratio
Nomad Foods has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nomad Foods (NYSE:NOMD) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

NOMD Stock News Headlines

October 2, 2023 | americanbankingnews.com

Nomad Foods (NYSE:NOMD) Updates FY 2023 Earnings Guidance

October 1, 2023 | seekingalpha.com

Nomad Foods: Stable Prospects, Fairly Valued

October 2, 2023 | Edge On The Street (Ad)

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October 1, 2023 | americanbankingnews.com

Nomad Foods (NYSE:NOMD) Sees Unusually-High Trading Volume

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

October 2, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

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

August 17, 2023 | markets.businessinsider.com

Mizuho Securities Keeps Their Buy Rating on Nomad Foods (NOMD)

August 12, 2023 | markets.businessinsider.com

Goldman Sachs Sticks to Its Buy Rating for Nomad Foods (NOMD)

August 11, 2023 | markets.businessinsider.com

Nomad Foods (NOMD) Gets a Buy from Mizuho Securities

August 11, 2023 | seekingalpha.com

Nomad Foods Stock: Solid Q2 Earnings Backed By Stabilizing Margins

August 11, 2023 | msn.com

Citigroup Maintains Nomad Foods (NOMD) Buy Recommendation

August 9, 2023 | theguardian.com

Birds Eye owner sees sharp rise in sales after raising prices 18%

August 9, 2023 | theguardian.com

Nomad Foods sees sharp rise in sales after increasing prices

August 9, 2023 | finance.yahoo.com

Nomad Foods (NOMD) Tops Q2 Earnings Estimates

August 9, 2023 | seekingalpha.com

Nomad Foods Limited 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | finanznachrichten.de

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

August 9, 2023 | markets.businessinsider.com

Barclays Keeps Their Buy Rating on Nomad Foods (NOMD)

August 8, 2023 | cnn.com

Nomad’s wild new Apple Watch band gives you a literal glow-up

August 3, 2023 | finance.yahoo.com

Post Holdings (POST) Beats Q3 Earnings and Revenue Estimates

August 2, 2023 | finance.yahoo.com

Clorox (CLX) Q4 Earnings and Revenues Surpass Estimates

See More Headlines

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NOMD Company Calendar

Last Earnings: 8/09/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $22.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +44.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.25
Trailing P/E Ratio: 12.18
Forward P/E Ratio: 9.01
P/E Growth: N/A
Net Income: $263.19 million
Net Margins: 6.88%
Pretax Margin: 8.60%
Return on Equity: 11.21%
Return on Assets: 4.60%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 1.21
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $3.10 billion
Price / Sales: 0.86
Cash Flow: $2.33 per share
Price / Cash Flow: 6.52
Book Value: $15.91 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 174,460,000
Free Float: N/A
Market Cap: $2.66 billion
Optionable: Optionable
Beta: 0.76

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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
Gen. Counsel

Mr. Steven Libermann
Exec. Pres of Southern Europe, FBN, UK & Ireland and Global Sales

Mr. Steve Challouma
Chief Marketing Officer

Ms. Harriet Hounsell
Chief People Officer

Ms. Antje Schubert
Exec. Pres of Adriatics, Nordics & DACH

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NOMD Stock - Frequently Asked Questions

Should I buy or sell Nomad Foods stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nomad Foods in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 5 analysts have issued 1-year target prices for Nomad Foods' shares. Their NOMD share price forecasts range from $20.00 to $24.00. On average, they anticipate the company's share price to reach $22.00 in the next year. This suggests a possible upside of 44.5% 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 start of the year. Since then, NOMD shares have decreased by 11.7% and is now trading at $15.22.
View the best growth stocks for 2023 here.
When is Nomad Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our NOMD earnings forecast.
How were Nomad Foods' earnings last quarter?: Nomad Foods Limited (NYSE:NOMD) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The company earned $811.11 million during the quarter, compared to analyst estimates of $815.57 million. Nomad Foods had a trailing twelve-month return on equity of 11.21% and a net margin of 6.88%.
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 updated its FY 2023 earnings guidance on Friday, September, 29th. The company provided earnings per share guidance of $1.68-$1.71 for the period, compared to the consensus EPS estimate of $1.69. The company issued revenue guidance of -.

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).
What is Nomad Foods' stock symbol?: Nomad Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOMD."
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.
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What is Nomad Foods' stock price today?: One share of NOMD stock can currently be purchased for approximately $15.22.
How much money does Nomad Foods make?: Nomad Foods (NYSE:NOMD) has a market capitalization of $2.66 billion and generates $3.10 billion in revenue each year. The company earns $263.19 million in net income (profit) each year or $1.25 on an earnings per share basis.
How many employees does Nomad Foods have?: The company employs 7,535 workers across the globe.
How can I contact Nomad Foods?: Nomad Foods' mailing address is No. 1 New Square Bedfont Lakes Business Park, Feltham X0, TW14 8HA. The official website for the company is www.nomadfoods.com. The company can be reached via phone at 442089183200, via email at investors@nomadfoods.com, or via fax at 44-20-8918-3491.

This page (NYSE:NOMD) was last updated on 10/2/2023 by MarketBeat.com Staff

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