Media stories about Nomad Foods Limited (NYSE:NOMD) have trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nomad Foods Limited earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.2033413728006 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Custom relationship advice - Foxwoods strippers (channelbuzz.ca)
- Hot or not marriage - Singles advice work (k2tv.com)
- Nomad Foods Ltd. – Value Analysis (NYSE:NOMD) : July 14, 2017 (finance.yahoo.com)
- Nomad Foods Ltd. breached its 50 day moving average in a Bullish Manner : NOMD-US : July 13, 2017 (finance.yahoo.com)
Nomad Foods Limited (NYSE NOMD) traded down 0.316% during midday trading on Tuesday, reaching $14.195. The company had a trading volume of 216,214 shares. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 53.973. The firm has a 50-day moving average price of $13.78 and a 200-day moving average price of $11.48. Nomad Foods Limited has a 52 week low of $8.46 and a 52 week high of $14.72.
Nomad Foods Limited (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Nomad Foods Limited had a return on equity of 7.56% and a net margin of 2.13%. The business had revenue of $531.30 million during the quarter, compared to analyst estimates of $534.03 million. During the same quarter in the prior year, the business posted $0.29 EPS. Nomad Foods Limited’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Nomad Foods Limited will post $1.00 EPS for the current fiscal year.
Nomad Foods Limited announced that its Board of Directors has initiated a share buyback program on Monday, June 12th that allows the company to repurchase $105.10 million in shares. This repurchase authorization allows the company to buy shares of its stock through a private placement purchase. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Several brokerages have recently weighed in on NOMD. UBS AG reiterated a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Nomad Foods Limited in a research report on Tuesday, May 30th. Zacks Investment Research upgraded Nomad Foods Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, June 7th. ValuEngine cut Nomad Foods Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, SunTrust Banks, Inc. began coverage on Nomad Foods Limited in a research report on Wednesday, April 5th. They issued a “buy” rating and a $15.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Nomad Foods Limited currently has an average rating of “Buy” and a consensus target price of $15.25.
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