
Nomad Foods (NOMD) Stock Forecast & Price Target
Nomad Foods (NOMD) Analyst Ratings
Bulls say
Nomad Foods Ltd has enhanced its brand portfolio significantly over the past decade through strategic investments, positioning the company favorably within the packaged foods market in Western Europe. The company’s leadership in health-oriented food categories, coupled with improving economic conditions across Europe, supports a strong market presence in its key regions. Additionally, a proposed €200 million productivity initiative from 2023 to 2028 aims to drive profit growth through procurement savings and improved operational efficiencies.
Bears say
Nomad Foods Ltd experienced a significant decline in its gross margin, decreasing by 160 basis points to 28.0%, primarily due to heightened cost inflation and pricing lagging behind input cost increases. Additionally, the company's operating margin fell by 100 basis points to 13.7%, while adjusted EBITDA decreased by 6.0% to €531.2 million, attributed to inflationary pressures and a drop in higher-margin ice cream sales. Overall, the company's sales declined by 1.2% year-over-year, reflecting ongoing operational challenges and unfavorable market conditions.
This aggregate rating is based on analysts' research of Nomad Foods and is not a guaranteed prediction by Public.com or investment advice.
Nomad Foods (NOMD) Analyst Forecast & Price Prediction
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