Stock To Watch: Nordson Corporation (NASDAQ:NDSN)


The leading market experts have placed a mean price target of $103.560 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 $0.730 a share for the upcoming quarter and $4.280 for the current fiscal.

Technical View

The technical analysis of Nordson Corporation plainly substantiates that the 50-day moving average of Nordson Corporation is $88.661, and stock is trading $12.884 points away or +14.532% from its 50-day moving average of $88.661. Further it is trading $21.390 or +26.685% away its 200-day moving average of $80.155. Nordson Corporation (NASDAQ:NDSN) 52-week high is $102.200 and the 52-week low is $51.890.

This explains if the stock moves $-0.655, it will post a 52-week high. In event of +95.693% 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 25.852.

The stock last ended the trading session at $101.545 and registered a market cap of $5.79B. 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 1.480.

1 Chart Pattern Every Investor Should Know

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