Barrington Research Reviews Investment Thesis on Nordson (NDSN); Q3 Beats; Strong Order Trends and Rebounding Backlog
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Price: $260.06 -0.77%
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Barrington Research maintains an 'Outperform' on Nordson (NASDAQ: NDSN) price target of $67.00 (from $60.00)
Barrington analyst said, "Our investment thesis is supported by a strong order trend that started in May 2012 and continued to recover through August 2012. Additionally, management has been very active with the company's acquisition strategy. Recently, on August 1, 2012, NDSN announced its acquisition of Sealant Equipment & Engineering Inc, with revenues of approximately $18 million. This acquisition strengthens NDSN's cold materials equipment market in its industrial coating systems segment. In the last few months, NDSN has also announced the acquisition of EDI and Xaloy, which combined with the 2011 acquisition of Verbruggen, makes its plastic machinery platform $200-220 million in revenue."
FY12 EPS estimate raised from $3.32 to $3.54 and FY13 from $3.86 to $3.95.
For an analyst ratings summary and ratings history on Nordson click here. For more ratings news on Nordson click here.
Shares of Nordson closed at $55.00 yesterday.
Barrington analyst said, "Our investment thesis is supported by a strong order trend that started in May 2012 and continued to recover through August 2012. Additionally, management has been very active with the company's acquisition strategy. Recently, on August 1, 2012, NDSN announced its acquisition of Sealant Equipment & Engineering Inc, with revenues of approximately $18 million. This acquisition strengthens NDSN's cold materials equipment market in its industrial coating systems segment. In the last few months, NDSN has also announced the acquisition of EDI and Xaloy, which combined with the 2011 acquisition of Verbruggen, makes its plastic machinery platform $200-220 million in revenue."
FY12 EPS estimate raised from $3.32 to $3.54 and FY13 from $3.86 to $3.95.
For an analyst ratings summary and ratings history on Nordson click here. For more ratings news on Nordson click here.
Shares of Nordson closed at $55.00 yesterday.
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