Nordson Upgraded to Outperform by Barrington Research (NDSN)
Nordson (NASDAQ:NDSN) was upgraded by stock analysts at Barrington Research from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Nordson (NASDAQ:NDSN) opened at 81.92 on Wednesday. Nordson has a 52 week low of $65.78 and a 52 week high of $84.95. The stock has a 50-day moving average of $78.53 and a 200-day moving average of $73.47. The company has a market cap of $5.215 billion and a P/E ratio of 23.88.
Nordson (NASDAQ:NDSN) last released its earnings data on Thursday, May 22nd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.07. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $406.71 million. During the same quarter last year, the company posted $0.84 earnings per share. Nordson’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Nordson will post $3.79 earnings per share for the current fiscal year.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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