Should Value Investors Pick Nomad Foods (NOMD) Stock Now?
Zacks Investment Research | Nov 17, 2021 09:30PM ET
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Nomad Foods (NYSE:NOMD) Limited Nomad Foods Limited Quote
This bearish trend is why the stock has just a Zacks Rank #3 (Hold) despite strong value metrics and why we are looking for in-line performance from the company in the near term.
Bottom Line/h3
Nomad Foods is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, sluggish industry rank (bottom 25%) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the sector has underperformed the broader market, as you can see below:
So, value investors might want to wait for estimates and analyst sentiment to turn around in this name first, but once that happens, this stock could be a compelling pick.
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