Nordson Co. (NDSN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Nordson Co. (NASDAQ:NDSN) have been given an average recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $140.00.
Several research analysts have recently weighed in on NDSN shares. CIBC upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. BidaskClub upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Gabelli restated a “hold” rating on shares of Nordson in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th.
In other Nordson news, insider Shelly Peet sold 11,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the transaction, the insider now owns 29,296 shares in the company, valued at approximately $3,901,055.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Keane sold 43,900 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $132.69, for a total value of $5,825,091.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,560 shares of company stock valued at $9,831,639. 1.97% of the stock is owned by corporate insiders.
NDSN stock opened at $144.09 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The firm has a market cap of $8.11 billion, a PE ratio of 24.26, a PEG ratio of 1.76 and a beta of 1.11. Nordson has a fifty-two week low of $110.16 and a fifty-two week high of $146.84.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.21). The firm had revenue of $497.91 million for the quarter, compared to the consensus estimate of $497.99 million. Nordson had a return on equity of 23.01% and a net margin of 14.59%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. On average, equities analysts forecast that Nordson will post 6.36 EPS for the current year.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
Featured Story: How Do You Calculate Return on Investment (ROI)?
Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.