BMO Capital Markets Sets Nordson Price Target at $62.00 (NDSN)

By admin | 6 years ago

BMO Capital Markets raised their price target on shares of Nordson (NASDAQ: NDSN) to $62.00 in a research note issued on Wednesday. The firm currently has a “market perform” rating on the stock.

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.

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