While Nomad Foods Limited has overperformed by 1.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NOMD rose by 15.52%, with highs and lows ranging from $20.05 to $15.76, whereas the simple moving average jumped by 0.50% in the last 200 days.
On February 27, 2023, Goldman Upgraded Nomad Foods Limited (NYSE: NOMD) to Buy. A report published by Credit Suisse on January 05, 2023, Downgraded its rating to ‘Neutral’ for NOMD. UBS also rated NOMD shares as ‘Buy’, setting a target price of $26 on the company’s shares in an initiating report dated March 30, 2022. Mizuho Initiated an Buy rating on January 27, 2022, and assigned a price target of $31. Goldman November 05, 2021d its ‘Buy’ rating to ‘Neutral’ for NOMD, as published in its report on November 05, 2021. Citigroup’s report from October 06, 2021 suggests a price prediction of $34 for NOMD shares, giving the stock a ‘Buy’ rating. BTIG Research also rated the stock as ‘Buy’.
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Analysis of Nomad Foods Limited (NOMD)
With NOMD’s current dividend of $0.45 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 1.79%, showing a positive trend in the upcoming months.
Nomad Foods Limited’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 7.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and NOMD has an average volume of 611.02K. On a monthly basis, the volatility of the stock is set at 2.99%, whereas on a weekly basis, it is put at 2.53%, with a gain of 4.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.35, showing growth from the present price of $18.31, which can serve as yet another indication of whether NOMD is worth investing in or should be passed over.
How Do You Analyze Nomad Foods Limited Shares?
Packaged Foods giant Nomad Foods Limited (NOMD) is based in the United Kingdom and is one of the largest companies in the market. When comparing Nomad Foods Limited shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.69, there is a growth in quarterly earnings of -3.53%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.69%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NOMD shares are owned by institutional investors to the tune of 76.25% at present.
