Technical and Fundamental Report on Nordson Corp (NASDAQ:NDSN)

Nordson Corp (NASDAQ:NDSN) (TREND ANALYSIS) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $71.24, up by 0.98%, with a volume of 666,025 shares against an average volume for the last 3 months of 324,386.

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Nordson Corp (NASDAQ:NDSN) stock is currently trading 15.64% below its 52-week-high, 21.74% above its 52-week-low. The 1-year stock price history is in the range of $58.52 – $84.45. Nordson Corp (NDSN) has a price to earnings ratio of 19.01 versus Industrial Goods sector average of 33.14. NDSN stock price has underperformed the Nasdaq by 17.8%. The Industrial Automation & Robots company is currently valued at $4.29 billion and its share price closed the last trading session at $71.24. The stock has a 50-day moving average of $66.52 and a 200-day moving average of $74.09.

Nordson Corp (NDSN) current short interest stands at 2.71 million shares. It has increased by 5% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.32 million shares, the number of days required to cover the short positions stand at 8.6 days.

The company is expected to announce next quarter earnings on December 10, at consensus estimate of $1.08. Nordson Corp (NDSN) reported last quarter earnings on August 20. The Industrial Automation & Robots company announced earnings per share of $1.16 against a consensus Street estimate of $1.25, missing estimate by $0.09. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.

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There are currently twelve analysts that cover Nordson Corp stock. Of those twelve, four have a Buy rating, eight have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $78.88.

A recent analyst activity consisted of Oppenheimer reiterating their Outperform stance on August 24. Oppenheimer decreased price target from $90 to $75. This corresponds to a 5.28% upside from the last closing price. On the date of report, the stock closed at $63.04.

Wunderlich reiterated their Hold stance on the same day, and decreased their price target from $90 to $85. This corresponds to a 19.31% upside from the last closing price. On the date of report, the stock closed at $63.04.

Nordson Corp (NDSN) has a debt to equity ratio of 105% compared to Industrial Goods sector average of 134.1%. The company has a current ratio of 2.77. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company profile

Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations. The Company’s products include customized electronic controls for the precise application and curing of materials to meet customers’ requirements. Nordson operates around the world.

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