Stock To Watch: Nordson Corporation (NASDAQ:NDSN)


The leading market experts have placed a mean price target of $93.67 on Nordson Corporation (NASDAQ:NDSN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.16 a share for the upcoming quarter and $4.29 for the current fiscal. Technical View The technical analysis of Nordson Corporation plainly substantiates that the 50-day moving average of Nordson Corporation is $84.82, and stock is hovering 1.86 or +2.20% distant from $84.82. It is noted that the 200-day MA is $73.38, and Nordson Corporation stock is $13.30 or +18.12% off from this point. Nordson Corporation (NASDAQ:NDSN) 52-week high is $89.20 and the 52-week low is $51.89. This explains if the stock moves $-2.52, it will post a 52-week high. In event of $+67.05% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Nordson Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Nordson Corporation (NASDAQ:NDSN) ratio came in at 22.07. The stock last ended the trading session at $86.68 and registered a market cap of $4.95B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Nordson Corporation (NASDAQ:NDSN) PEG ratio is at 1.26.

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