Nomad Foods (NOMD) closed the last trading session at $19.28, gaining 2.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $24.17 indicates a 25.4% upside potential. The average comprises six short-term price targets ranging from a low of $21 to a high of $28, with a standard deviation of $2.32. While the lowest estimate indicates an increase of 8.9% from the current price level, t ...

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Price Movement and Trends - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined screening strategy, "Recent Price Strength," helps identify stocks with sufficient fundamental strength to sustain their upward trends [3] - Nomad Foods (NOMD) has shown a solid price increase of 18.5% over 12 weeks, indicating investor confidence in its potential upside [4] - NOMD has also increased by 7.2% over the past four weeks, suggesting that the upward trend is still intact [5] - Currently, NOMD is trading at 93.7% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - NOMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7] - NOMD has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Opportunities - In addition to NOMD, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8] - The article encourages investors to explore over 45 Zacks Premium Screens tailored to different investing styles for potential stock picks [8]

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Nomad Foods (NOMD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Nomad Foods is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector ...

97/E+ via Getty Images Nomad Foods (NYSE:NOMD) 2Q24 results showed a positive inflection, with volumes growing for the first time in 3 years. The company's higher promotion spending and lower pricing is making an effect. Despite the lower prices, the company's gross margins increased substantially, most of which was spent in more A&P (30% up YoY). Overall, operating profits were flat. Nomad is very confident that the year will bring significant growth in the second half, with reconfirmed guidance implying g ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. In addition to ...

Shares of Nomad Foods (NOMD) have gained 0.1% over the past four weeks to close the last trading session at $18.48, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $23.86 indicates a potential upside of 29.1%. The average comprises seven short-term price targets ranging from a low of $21 to a high of $28, with a standard deviation of $2.27. While the lowest estimate indicates an ...

Nomad Foods (NOMD) closed the last trading session at $18.75, gaining 8.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.86 indicates a 27.3% upside potential. The average comprises seven short-term price targets ranging from a low of $21 to a high of $28, with a standard deviation of $2.27. While the lowest estimate indicates an increase of 12% from the current price level, ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Nomad Foods Limited (NYSE:NOMD) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Jason English - Interim Head of Investor Relations Stéfan Descheemaeker - Chief Executive Officer Ruben Baldew - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Rob Dickinson - Jefferies John Baumgartner – Mizuho Securities Steve Powers - Deutsche Bank Jon Tanwanteng - CJS Securities Peter Saleh - BTIG Operator Good day, ladies and gentlemen, and welcome to Nomad Foods ...