Nomad Foods Ltd's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 40 out of 96 in the Food & Tobacco industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 16.50.In the medium term, the stock price is expected to remain stable.Despite a good stock market performance and strong technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Nomad Foods Ltd is 5.08, ranking 90 out of 96 in the Food & Tobacco industry. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 651.60M, representing a year-over-year decrease of 10.85%, while its net profit experienced a year-over-year decrease of 25.28%.
Key Metrics
The current valuation score of Nomad Foods Ltd is 8.27, ranking 30 out of 96 in the Food & Tobacco industry. Its current P/E ratio is 11.66, which is 66.95% below the recent high of 19.47 and 21.25% above the recent low of 9.18.
The current earnings forecast score of Nomad Foods Ltd is 8.67, ranking 4 out of 96 in the Food & Tobacco industry. The average price target is 17.00, with a high of 18.00 and a low of 15.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Nomad Foods Ltd is 9.20, ranking 28 out of 96 in the Food & Tobacco industry. Currently, the stock price is trading between the resistance level at 13.44 and the support level at 11.97, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Nomad Foods Ltd is 7.00, ranking 23 out of 96 in the Food & Tobacco industry. The latest institutional shareholding proportion is 74.88%, representing a quarter-over-quarter decrease of 2.99%. The largest institutional shareholder is James Simons, holding a total of 3.80M shares, representing 2.53% of shares outstanding, with 9.80% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Food & Tobacco domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. No risk assessment score is currently available for Nomad Foods Ltd. The Food & Tobacco industry's average is 5.55. The company's beta value is 0.71. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Nomad Foods Ltd’s latest ESG disclosure leads the Food & Tobacco industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
