Analyst Revises Nordson Corporation (NASDAQ:NDSN) Stock Target


Nordson Corporation (NASDAQ:NDSN) mean price target has been set at $93.7800 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.1600 in the near-term quarter and $4.2800 for the ongoing fiscal. The market cap of Nordson Corporation was recorded at $4.92B after the stock closed at $86.2872 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Nordson Corporation (NASDAQ:NDSN) has a P/E ratio of 21.9672. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Nordson Corporation (NASDAQ:NDSN) PEG ratio sits at 1.3000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Nordson Corporation visibly illustrates that the 50-day MA of Nordson Corporation is $85.2897, and stock is trading 0.9975 or +1.1695% distant from $85.2897. The 200-day MA is $74.4123, and this price is $11.8749 or +15.9583% off from current level. Nordson Corporation (NASDAQ:NDSN) 52-week high is $89.2000 and the 52-week low is $51.8900. This represents that if the stock moves $-2.9128 points up on the chart to make a 52-week high. But, if it declines $+66.2887%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 17 times, 1 visits today)