At the time of writing, Nordson Corp. [NDSN] stock is trading at $250.33, up 0.69%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NDSN shares have gain 6.08% over the last week, with a monthly amount glided 9.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nordson Corp. [NASDAQ: NDSN] stock has seen the most recent analyst activity on February 26, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Exane BNP Paribas started tracking the stock with Outperform rating on October 05, 2023, and set its price target to $275. On September 26, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $240 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $255 on February 22, 2023. Loop Capital initiated its recommendation with a Hold and recommended $250 as its price target on March 30, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on March 31, 2021, and assigned it a price target of $220. In a note dated June 17, 2020, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
For the past year, the stock price of Nordson Corp. fluctuated between $208.91 and $279.38. Currently, Wall Street analysts expect the stock to reach $271.17 within the next 12 months. Nordson Corp. [NASDAQ: NDSN] shares were valued at $250.33 at the most recent close of the market. An investor can expect a potential return of 8.33% based on the average NDSN price forecast.
Analyzing the NDSN fundamentals
According to Nordson Corp. [NASDAQ:NDSN], the company’s sales were 2.65B for trailing twelve months, which represents an 0.07% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.18 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 247.36 points at the first support level, and at 244.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 253.07, and for the 2nd resistance point, it is at 255.81.
Ratios To Look Out For
It is important to note that Nordson Corp. [NASDAQ:NDSN] has a current ratio of 2.21. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 5.41, the price to book ratio is 5.14 and price to earnings (TTM) ratio is 29.81.
Transactions by insiders
Recent insider trading involved Subramanian Srinivas, Executive Vice President, that happened on Jan 12 ’24 when 2100.0 shares were sold. Executive Vice President, Subramanian Srinivas completed a deal on Jan 11 ’24 to sell 1400.0 shares. Meanwhile, Executive Vice President Lovass Stephen sold 1213.0 shares on Jan 09 ’24.
