Nordson Corp Receives a Buy from B.Riley FBR

B.Riley FBR analyst Liam Burke maintained a Buy rating on Nordson Corp (NASDAQ: NDSN) today and set a price target of $165. The company’s shares opened today at $128.17.

Burke has an average return of 17.2% when recommending Nordson Corp.

According to TipRanks.com, Burke is ranked #2308 out of 4799 analysts.

Currently, the analyst consensus on Nordson Corp is Hold and the average price target is $150, representing a 17.0% upside.

In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock with a $158 price target.

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Based on Nordson Corp’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $91.24 million. In comparison, last year the company had a net profit of $64.52 million.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.

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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 Systems, Advanced Technology Systems, and Industrial Coating Systems.