Nordson Corp. Upgraded to “Outperform” at Oppenheimer (NDSN)
Nordson Corp. (NASDAQ:NDSN) was upgraded by Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $85.00 price objective on the stock. Oppenheimer’s target price suggests a potential upside of 19.92% from the company’s current price.
Nordson Corp. (NASDAQ:NDSN) traded up 1.24% during mid-day trading on Tuesday, hitting $70.88. 380,830 shares of the company’s stock traded hands. Nordson Corp. has a 52 week low of $61.88 and a 52 week high of $75.88. The stock has a 50-day moving average of $70.56 and a 200-day moving average of $71.85. The company has a market cap of $4.554 billion and a P/E ratio of 20.47.
Nordson Corp. (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.06. The company had revenue of $359.00 million for the quarter, compared to the consensus estimate of $368.78 million. On average, analysts predict that Nordson Corp. will post $3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, February 21st.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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