Stock Rating Upgrade
In recent days the Value Trend Rating for Nomad Foods Ltd (NYSE: NOMD) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Nomad Foods Ltd (NYSE: NOMD) stock closed at $18.57 on 10/1/24 after a decline of -2.6%. Moreover, above average trading volume at 133% of normal accompanied the decline. The stock has declined -2.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NOMD is expected to continue to be a Value Builder.
Nomad Foods has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Nomad Foods has a good Appreciation Score of 78 but a neutral Power Rating of 48, producing the Positive Value Trend Rating.
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