Nomad Foods (NYSE:NOMD - Get Free Report) had its price target upped by stock analysts at Mizuho from $24.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective indicates a potential upside of 27.72% from the stock's current price.
NOMD has been the subject of several other reports. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, StockNews.com upgraded Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th.
Read Our Latest Stock Report on NOMD
Nomad Foods Stock Down 0.4 %
Shares of NYSE NOMD traded down $0.07 during mid-day trading on Tuesday, reaching $20.36. The company had a trading volume of 1,226,480 shares, compared to its average volume of 593,792. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.31 and a beta of 0.77. The stock has a fifty day moving average of $17.67 and a two-hundred day moving average of $17.87. Nomad Foods has a 12-month low of $15.43 and a 12-month high of $20.81.
Institutional Trading of Nomad Foods
Several large investors have recently added to or reduced their stakes in NOMD. Formidable Asset Management LLC bought a new position in shares of Nomad Foods in the fourth quarter valued at about $700,000. Public Employees Retirement System of Ohio acquired a new stake in Nomad Foods in the 4th quarter valued at about $763,000. PharVision Advisers LLC bought a new position in shares of Nomad Foods in the fourth quarter worth about $614,000. Voloridge Investment Management LLC lifted its position in shares of Nomad Foods by 14.4% during the fourth quarter. Voloridge Investment Management LLC now owns 524,105 shares of the company's stock worth $8,794,000 after purchasing an additional 66,013 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Nomad Foods during the fourth quarter valued at approximately $9,003,000. 75.26% of the stock is owned by institutional investors.
About Nomad Foods
(
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Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. 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.
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