Berenberg Bank analyst Andrew Buscaglia maintained a Buy rating on Nordson (NASDAQ:NDSN) Corp on Thursday, setting a price target of $330, which is approximately 26.30% above the present share price of $261.28.
Buscaglia expects Nordson Corp to post earnings per share (EPS) of $2.45 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Nordson, with an average price target of $281.5.
The analysts price targets range from a high of $330 to a low of $230.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $646.86 million and a net profit of $188.28 million. The company's market cap is $15.18 billion.
According to TipRanks.com, Berenberg Bank analyst Andrew Buscaglia is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.1% and a 62.11% success rate.
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through three segments: Adhesive Dispensing, Advanced Technology, and Industrial Coating Systems. The Adhesive Dispensing Systems segment delivers its dispensing and processing technology to diverse markets for applications. This segment provides packaging, polymer processing and product assembly services. The Advanced Technology Systems segment offers electronic systems, fluid management, test and inspection services. The Industrial Coating Systems segment provides standard and highly-customized equipment used primarily for applying coatings, paint, finishes, sealants and other material. This segment provides cold materials, container coating, liquid finishing, powder coating, curing and drying systems. The company was founded by Eric T. Nord, Evan W. Nord and Walter G. Nord in 1954 and is headquartered in Westlake, OH.