SunTrust Banks Raises Nomad Foods (NOMD) Price Target to $20.00
Nomad Foods (NYSE:NOMD) had its price target hoisted by SunTrust Banks to $20.00 in a research report released on Wednesday, The Fly reports. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for Nomad Foods’ FY2017 earnings at $1.17 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.31 EPS, FY2018 earnings at $1.37 EPS and FY2019 earnings at $1.46 EPS.
Several other equities research analysts have also recently issued reports on the company. ValuEngine upgraded Nomad Foods from a hold rating to a buy rating in a report on Thursday, November 16th. Berenberg Bank initiated coverage on Nomad Foods in a report on Thursday, November 16th. They set a buy rating and a $18.00 target price on the stock. Finally, Zacks Investment Research cut Nomad Foods from a strong-buy rating to a hold rating in a report on Wednesday, November 15th. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of $17.20.
Shares of Nomad Foods (NOMD) opened at $16.62 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. Nomad Foods has a twelve month low of $9.00 and a twelve month high of $16.90. The stock has a market capitalization of $2,831.80 and a PE ratio of 17.30.
Institutional investors have recently modified their holdings of the company. Capital Fund Management S.A. acquired a new position in shares of Nomad Foods during the 2nd quarter worth approximately $145,000. Empirical Finance LLC acquired a new position in shares of Nomad Foods during the 3rd quarter worth approximately $152,000. Jane Street Group LLC acquired a new position in shares of Nomad Foods during the 3rd quarter worth approximately $168,000. Balter Liquid Alternatives LLC acquired a new position in shares of Nomad Foods during the 2nd quarter worth approximately $172,000. Finally, Stevens Capital Management LP acquired a new position in shares of Nomad Foods during the 3rd quarter worth approximately $174,000. Institutional investors and hedge funds own 72.83% of the company’s stock.
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About Nomad Foods
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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