Why Nordson Corporation (NASDAQ:NDSN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.11 on Nordson Corporation (NASDAQ:NDSN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.51 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Nordson Corporation (NASDAQ:NDSN) stands at 22.61.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Nordson Corporation, the PEG ratio for coming 3-5 years is 1.41.

Technical Analysis

The technical analysis highlights that Nordson Corporation current is trading $2.55 points away or +2.73% from its 50-day moving average of $93.38. Further it is trading $12.82 or +15.42% away its 200-day moving average of $83.11.

The 52-week high of Nordson Corporation (NASDAQ:NDSN) was $102.20 while lowest point recorded in 52-week was $51.89. It implies if stock price makes a movement of over $-6.27, it will record a new 52-week high. In the case of +84.87% drop, it will touch a new 52-week low.

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