Nordson Corp (NASDAQ: NDSN) has reported earnings for its second fiscal quarter (ending April 30) of $2.07 versus $2.23 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $8.47 compared to $8.99 a year ago.
Recent Price Action
Nordson Corp (NASDAQ: NDSN) stock closed at $268.41 on 5/20/24 after a modest decline of -1.2%. Moreover, trading volume in this decline was unusually high at 170% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.8% during the last week.
Current PriceTarget Research Rating
NDSN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Nordson has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nordson has a poor Appreciation Score of 18 but a good Power Rating of 80, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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