Robert W. Baird analyst Michael Halloran maintained a Buy rating on Nordson (NASDAQ:NDSN) Corp on Tuesday, setting a price target of $234, which is approximately 17.78% above the present share price of $198.68.
Halloran expects Nordson Corp to post earnings per share (EPS) of $1.34 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Nordson, with an average price target of $231.8.
The analysts price targets range from a high of $240 to a low of $220.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $526.57 million and a net profit of $109.03 million. The company's market cap is $11.54 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Halloran is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.9% and a 72.38% 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.