In a report released today, Chris Dankert from Loop Capital Markets reiterated a Hold rating on Nordson (NDSN – Research Report), with a price target of $225.00. The company’s shares closed yesterday at $242.56.
Dankert covers the Industrials sector, focusing on stocks such as Fastenal Company, Nordson, and Wesco International. According to TipRanks, Dankert has an average return of 13.0% and a 69.23% success rate on recommended stocks.
Nordson has an analyst consensus of Strong Buy, with a price target consensus of $259.60.
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The company has a one-year high of $252.65 and a one-year low of $201.37. Currently, Nordson has an average volume of 218.3K.
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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.
Read More on NDSN:
- Nordson price target raised to $253 from $251 at Baird
- Nordson cash flow generation remains strong, says DA Davidson
- Nordson Stock (NASDAQ:NDSN) Down on Mixed Q3 Results; Guidance Cut
- Nordson narrows FY23 EPS view to $8.90-$9.05 from $8.90-$9.30
- Nordson reports Q3 adjusted EPS $2.35, consensus $2.32
