ValuEngine upgraded shares of Nomad Foods Limited (NYSE:NOMD) from a hold rating to a buy rating in a report released on Thursday morning.

Several other research firms have also issued reports on NOMD. Zacks Investment Research lowered shares of Nomad Foods Limited from a strong-buy rating to a hold rating in a research report on Wednesday. Berenberg Bank started coverage on shares of Nomad Foods Limited in a report on Thursday. They set a buy rating and a $18.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $15.75.

Shares of Nomad Foods Limited (NYSE:NOMD) traded up $0.11 during mid-day trading on Thursday, reaching $14.78. 399,862 shares of the company’s stock traded hands, compared to its average volume of 950,356. The company has a market capitalization of $2,470.00 and a price-to-earnings ratio of 16.09. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.76. Nomad Foods Limited has a twelve month low of $9.00 and a twelve month high of $15.49.

Nomad Foods Limited (NYSE:NOMD) last posted its quarterly earnings results on Friday, August 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. Nomad Foods Limited had a net margin of 3.56% and a return on equity of 7.93%. The company had revenue of $458.10 million for the quarter, compared to analyst estimates of $459.51 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. analysts expect that Nomad Foods Limited will post 1.11 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Scoggin Management LP purchased a new stake in shares of Nomad Foods Limited in the 3rd quarter valued at $18,213,000. Neuberger Berman Group LLC purchased a new stake in shares of Nomad Foods Limited in the 3rd quarter valued at $14,312,000. California Public Employees Retirement System purchased a new stake in shares of Nomad Foods Limited in the 3rd quarter valued at $1,613,000. Highbridge Capital Management LLC purchased a new stake in shares of Nomad Foods Limited in the 3rd quarter valued at $447,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Nomad Foods Limited by 45.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,960,204 shares of the company’s stock valued at $57,700,000 after purchasing an additional 1,238,607 shares in the last quarter. 80.02% of the stock is owned by institutional investors.

Nomad Foods Limited Company Profile

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s 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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