At the time of writing, Nomad Foods Limited [NOMD] stock is trading at $20.38, down -0.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOMD shares have gain 7.83% over the last week, with a monthly amount glided 16.13%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nomad Foods Limited [NYSE: NOMD] stock has seen the most recent analyst activity on February 27, 2023, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $21 for it. Previously, Credit Suisse downgraded its rating to Neutral on January 05, 2023, and dropped its price target to $20. On March 30, 2022, UBS initiated with a Buy rating and assigned a price target of $26 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $31 on January 27, 2022. Goldman downgraded its rating to a Neutral and reduced its price target to $29 on November 05, 2021. In a note dated October 26, 2020, BTIG Research initiated an Buy rating and provided a target price of $30 on this stock.
For the past year, the stock price of Nomad Foods Limited fluctuated between $15.43 and $20.81. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Nomad Foods Limited [NYSE: NOMD] shares were valued at $20.38 at the most recent close of the market. An investor can expect a potential return of 7.95% based on the average NOMD price forecast.
Analyzing the NOMD fundamentals
According to Nomad Foods Limited [NYSE:NOMD], the company’s sales were 3.35B for trailing twelve months, which represents an 3.44% jump. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.17 points at the first support level, and at 19.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.58, and for the 2nd resistance point, it is at 20.78.
Ratios To Look Out For
It is important to note that Nomad Foods Limited [NYSE:NOMD] has a current ratio of 1.10. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 13.41.
