Nordson PT Raised to $87.00 (NDSN)
Equities researchers at BMO Capital Markets raised their target price on shares of Nordson (NASDAQ:NDSN) from $84.00 to $87.00 in a research report issued on Monday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 8.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Nordson in a research note on Wednesday, August 6th. They set a “market perform” rating on the stock. Separately, analysts at Global Hunter Securities upgraded shares of Nordson from a “neutral” rating to an “accumulate” rating in a research note on Monday, July 14th. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Barrington Research upgraded shares of Nordson from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 18th. They now have a $95.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Nordson currently has an average rating of “Hold” and a consensus price target of $87.20.
Nordson (NASDAQ:NDSN) opened at 80.365 on Monday. Nordson has a 1-year low of $66.00 and a 1-year high of $84.95. The stock’s 50-day moving average is $77.5 and its 200-day moving average is $75.43. The company has a market cap of $5.089 billion and a price-to-earnings ratio of 21.98.
Nordson (NASDAQ:NDSN) last announced its earnings results on Thursday, August 21st. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $458.55 million for the quarter, compared to the consensus estimate of $449.77 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts predict that Nordson will post $3.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Tuesday, August 26th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 22nd. This is an increase from Nordson’s previous quarterly dividend of $0.18.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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