Analysts Are Revising Their Forecasts Nordson (NASDAQ:NDSN)

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Earnings results for Nordson (NASDAQ:NDSN)

Nordson Corporation is expected* to report earnings on 12/15/2020 after market close. The report will be for the fiscal Quarter ending Oct 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.53. The reported EPS for the same quarter last year was $1.79.

Analyst Opinion on Nordson (NASDAQ:NDSN)

6 Wall Street analysts have issued ratings and price targets for Nordson in the last 12 months. Their average twelve-month price target is $202.75, predicting that the stock has a possible upside of 1.52%. The high price target for NDSN is $231.00 and the low price target for NDSN is $170.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Nordson has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $202.75, Nordson has a forecasted upside of 1.5% from its current price of $199.72. Nordson has received no research coverage in the past 90 days.

Dividend Strength: Nordson (NASDAQ:NDSN)

Nordson has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends. Nordson has only been increasing its dividend for 1 years. The dividend payout ratio of Nordson is 26.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nordson will have a dividend payout ratio of 24.26% next year. This indicates that Nordson will be able to sustain or increase its dividend.

Insiders buying/selling: Nordson (NASDAQ:NDSN)

In the past three months, Nordson insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,374,676.00 in company stock. Only 2.01% of the stock of Nordson is held by insiders. 67.94% of the stock of Nordson is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Nordson (NASDAQ:NDSN

Earnings for Nordson are expected to grow by 18.63% in the coming year, from $5.42 to $6.43 per share. The P/E ratio of Nordson is 34.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.36. The P/E ratio of Nordson is 34.92, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 36.80. Nordson has a PEG Ratio of 2.42. PEG Ratios above 1 indicate that a company could be overvalued. Nordson has a P/B Ratio of 7.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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