Stock Rating Upgrade
The Value Trend Rating for Nomad Foods Ltd (NYSE: NOMD) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Nomad Foods Ltd (NYSE: NOMD) stock declined slightly by -0.6% on 8/9/24. The stock closed at $18.75. However, trading volume in this decline was exceptionally low at 48% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nomad Foods has a neutral Power Rating of 55 but a good Appreciation Score of 75, resulting in the Positive Value Trend Rating.
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