In a report issued on February 23, Michael Halloran from Robert W. Baird maintained a Buy rating on Nordson (NDSN). The company’s shares closed last Thursday at $194.83.
According to TipRanks.com, Halloran is a 5-star analyst with an average return of 21.0% and a 73.8% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Altra Industrial Motion, and Franklin Electric Co.
Currently, the analyst consensus on Nordson is a Moderate Buy with an average price target of $230.00, a 17.2% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $230.00 price target.
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Nordson’s market cap is currently $11.43B and has a P/E ratio of 43.50. The company has a Price to Book ratio of -29.81.
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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.