Somewhat Positive Press Coverage Somewhat Unlikely to Impact Nordson Corporation (NDSN) Stock Price
Headlines about Nordson Corporation (NASDAQ:NDSN) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nordson Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8269190774323 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Zacks Investment Research Upgrades Nordson Corporation (NDSN) to “Hold” (americanbankingnews.com)
- Scorpio Tankers (STNG) Earning Somewhat Favorable Media Coverage, Study Shows (techkenyot.com)
- Bridges Investment Management Grows Stake in Walt Disney Company (DIS) (vothemes.com)
- Actuant : Today’s Research Report Coverage on Machinery Stocks — Hudson Technologies, Nordson, Middleby, and Actuant (4-traders.com)
- ETFs with exposure to Nordson Corp. : September 12, 2017 (finance.yahoo.com)
A number of brokerages have weighed in on NDSN. Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, August 23rd. Wells Fargo & Company reissued a “market perform” rating and set a $130.00 price target (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Zacks Investment Research downgraded Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. BidaskClub raised Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $138.00.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at 112.58 on Thursday. Nordson Corporation has a 52 week low of $94.56 and a 52 week high of $131.49. The company has a market capitalization of $6.49 billion, a PE ratio of 22.39 and a beta of 1.35. The company has a 50 day moving average price of $119.59 and a 200 day moving average price of $121.81.
Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The business had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. During the same period in the previous year, the business earned $1.67 EPS. Nordson Corporation’s revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts expect that Nordson Corporation will post $5.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, August 18th. Nordson Corporation’s payout ratio is currently 23.90%.
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Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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