Nomad Foods Limited (NOMD)
NYSE: NOMD · IEX Real-Time Price · USD
16.62
+0.20 (1.22%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Nomad Foods Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Nomad Foods stock have an average target of 24.33, with a low estimate of 22 and a high estimate of 28. The average target predicts an increase of 46.39% from the current stock price of 16.62.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for Nomad Foods stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Strong Buy Maintains $26 → $28 | Strong Buy | Maintains | $26 → $28 | +68.47% | May 10, 2024 |
| Barclays | Barclays | Buy Maintains $20 → $22 | Buy | Maintains | $20 → $22 | +32.37% | Feb 2, 2024 |
| Barclays | Barclays | Buy Maintains $18 → $20 | Buy | Maintains | $18 → $20 | +20.34% | Jan 16, 2024 |
| Barclays | Barclays | Buy Maintains $22 → $18 | Buy | Maintains | $22 → $18 | +8.30% | Oct 12, 2023 |
| Citigroup | Citigroup | Strong Buy Maintains $25 → $23 | Strong Buy | Maintains | $25 → $23 | +38.39% | Aug 10, 2023 |
Financial Forecast
Revenue This Year
3.21B
from 3.04B
Increased by 5.27%
Revenue Next Year
3.31B
from 3.21B
Increased by 3.18%
EPS This Year
1.81
from 1.13
Increased by 60.37%
EPS Next Year
1.99
from 1.81
Increased by 9.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 3.4B | 3.5B | 3.6B | 3.6B |
| Avg | 3.2B | 3.3B | 3.4B | 3.5B | 3.5B |
| Low | 3.1B | 3.2B | 3.2B | 3.3B | 3.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.6% | 6.6% | 6.9% | 4.6% | 4.7% |
| Avg | 5.3% | 3.2% | 2.8% | 1.6% | 1.8% |
| Low | 0.7% | -1.1% | -2.6% | -2.4% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.89 | 2.10 | 2.29 | 2.33 | 2.49 |
| Avg | 1.81 | 1.99 | 2.17 | 2.26 | 2.42 |
| Low | 1.72 | 1.87 | 2.02 | 2.17 | 2.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 67.3% | 15.9% | 15.1% | 7.1% | 10.0% |
| Avg | 60.4% | 9.8% | 9.2% | 4.1% | 6.9% |
| Low | 52.6% | 3.3% | 1.5% | -0.0% | 2.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.