Nordson Corporation (NDSN) Receives $118.14 Consensus PT from Analysts
Nordson Corporation (NASDAQ:NDSN) has been assigned a consensus rating of “Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $118.14.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company reiterated a “market perform” rating and issued a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. BidaskClub upgraded Nordson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a report on Tuesday, July 11th.
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Nordson Corporation (NASDAQ NDSN) traded down 0.37% during mid-day trading on Friday, reaching $127.48. The company had a trading volume of 171,855 shares. Nordson Corporation has a 52 week low of $87.76 and a 52 week high of $131.49. The firm has a market capitalization of $7.35 billion, a PE ratio of 26.84 and a beta of 1.35. The stock’s 50-day moving average price is $121.72 and its 200 day moving average price is $121.26.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The company had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. During the same period in the previous year, the firm posted $1.23 EPS. Nordson Corporation’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Nordson Corporation will post $5.40 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Architects Inc boosted its position in shares of Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after buying an additional 100 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in shares of Nordson Corporation during the first quarter valued at $126,000. IFP Advisors Inc boosted its position in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares in the last quarter. Sapphire Star Partners LP bought a new position in shares of Nordson Corporation during the first quarter valued at $204,000. Finally, CAPROCK Group Inc. bought a new position in shares of Nordson Corporation during the first quarter valued at $235,000. Institutional investors and hedge funds own 65.83% of the company’s stock.
About Nordson Corporation
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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