D.A. Davidson analyst Matt Summerville maintained a Buy rating on Nordson (NDSN – Research Report) today and set a price target of $260.00. The company’s shares closed yesterday at $230.69.
Summerville covers the Industrials sector, focusing on stocks such as Crane NXT, Hillenbrand, and Modine. According to TipRanks, Summerville has an average return of 7.7% and a 45.45% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nordson with a $259.33 average price target.
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Based on Nordson’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $650.17 million and a net profit of $127.56 million. In comparison, last year the company earned a revenue of $609.17 million and had a net profit of $120.41 million
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Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through three segments: Adhesive Dispensing, Advanced Technology, and Industrial Coating Systems. The Adhesive Dispensing Systems segment delivers its dispensing and processing technology to diverse markets for applications. This segment provides packaging, polymer processing and product assembly services. The Advanced Technology Systems segment offers electronic systems, fluid management, test and inspection services. The Industrial Coating Systems segment provides standard and highly-customized equipment used primarily for applying coatings, paint, finishes, sealants and other material. This segment provides cold materials, container coating, liquid finishing, powder coating, curing and drying systems. The company was founded by Eric T. Nord, Evan W. Nord and Walter G. Nord in 1954 and is headquartered in Westlake, OH.
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