In a report released today, Christopher Glynn from Oppenheimer maintained a Hold rating on Nordson Corp (NDSN). The company’s shares closed yesterday at $112.07, close to its 52-week low of $110.16.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 6.7% and a 57.0% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nordson Corp with a $143.50 average price target, which is a 28.0% upside from current levels. In a report issued on November 29, D.A. Davidson also downgraded the stock to Hold with a $125 price target.
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Based on Nordson Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $94.88 million. In comparison, last year the company had a net profit of $79.84 million.
Based on the recent corporate insider activity of 64 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.
