Other equities research analysts have also recently issued reports about the stock. Analysts at Barrington Research reiterated an “outperform” rating on shares of Nordson in a research note to investors on Monday. They now have a $60.00 price target on the stock. Separately, analysts at CJS Securities downgraded shares of Nordson to a “market perform” rating in a research note to investors on Monday, February 27th.
Nordson traded up 0.20% on Wednesday, hitting $53.73. Nordson has a 52-week low of $36.12 and a 52-week high of $59.07. The company has a market cap of $3.456 billion and a price-to-earnings ratio of 17.73.
Nordson last posted its quarterly earnings results on Monday, May 21st. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.03. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Nordson will post $0.97 EPS next quarter.
Nordson Corporation is engaged in manufacturing of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.