Somewhat Positive News Coverage Somewhat Unlikely to Impact Nordson Corporation (NDSN) Share Price
News stories about Nordson Corporation (NASDAQ:NDSN) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nordson Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.6856862879815 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Nordson Corporation (NDSN) Receives Buy Rating from KeyCorp (americanbankingnews.com)
- Nordson : to Exhibit Many New Solutions for Electronics Manufacturing at Productronica 2017 (4-traders.com)
- Nordson to Continue Gaining Traction From Plastics Business (finance.yahoo.com)
- KeyCorp Analysts Lift Earnings Estimates for Nordson Corporation (NDSN) (americanbankingnews.com)
Several research firms have recently issued reports on NDSN. KeyCorp reiterated a “buy” rating and set a $145.00 target price on shares of Nordson Corporation in a report on Sunday. B. Riley reiterated a “buy” rating on shares of Nordson Corporation in a report on Wednesday, November 1st. SunTrust Banks, Inc. reiterated a “buy” rating and set a $135.00 target price on shares of Nordson Corporation in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Nordson Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “hold” rating and set a $138.00 target price on shares of Nordson Corporation in a report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Nordson Corporation currently has a consensus rating of “Buy” and a consensus price target of $140.33.
Shares of Nordson Corporation (NDSN) traded up $0.78 on Friday, hitting $126.68. 127,918 shares of the company traded hands, compared to its average volume of 183,334. The company has a market capitalization of $7,308.46, a P/E ratio of 23.55, a P/E/G ratio of 1.46 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Nordson Corporation has a 12 month low of $103.76 and a 12 month high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million during the quarter, compared to the consensus estimate of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. equities analysts predict that Nordson Corporation will post 5.32 earnings per share for the current fiscal year.
In related news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the sale, the vice president now owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is owned by company insiders.
About Nordson Corporation
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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