Nomad Foods (NYSE:NOMD - Get Free Report) had its price target decreased by stock analysts at Mizuho from $28.00 to $24.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective indicates a potential upside of 41.59% from the stock's current price.
A number of other analysts have also commented on NOMD. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price 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.
Check Out Our Latest Research Report on NOMD
Nomad Foods Trading Down 2.0 %
NOMD traded down $0.35 during trading on Wednesday, reaching $16.95. 773,345 shares of the company's stock were exchanged, compared to its average volume of 627,108. The company's fifty day moving average price is $17.52 and its 200-day moving average price is $17.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods has a fifty-two week low of $15.99 and a fifty-two week high of $20.05. The firm has a market capitalization of $2.76 billion, a PE ratio of 12.74 and a beta of 0.78.
Hedge Funds Weigh In On Nomad Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in NOMD. SG Americas Securities LLC bought a new stake in Nomad Foods in the 2nd quarter valued at $251,000. Townsend & Associates Inc lifted its position in Nomad Foods by 3.6% in the 3rd quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company's stock valued at $26,976,000 after acquiring an additional 53,694 shares in the last quarter. Systematic Financial Management LP lifted its position in Nomad Foods by 11.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock valued at $24,151,000 after acquiring an additional 130,792 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Nomad Foods by 25.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company's stock valued at $27,036,000 after acquiring an additional 289,090 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Nomad Foods by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company's stock valued at $19,572,000 after acquiring an additional 48,303 shares in the last quarter. 75.26% of the stock is owned by institutional investors.
About Nomad Foods
(
Get Free Report)
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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