Oppenheimer Starts Nordson (NDSN) at Outperform

August 7, 2012 5:01 PM EDT Send to a Friend
Get Alerts NDSN Hot Sheet
Price: $71.35 -1.15%

Rating Summary:
    5 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
Trade NDSN Now!
Join SI Premium – FREE
After the close, Oppenheimer initiated coverage on Nordson (NASDAQ: NDSN) with a Outperform rating and $64 price target.

"Our Outperform is based on consistent operational improvements, a solid growth profile with market-leading positions, and a reinvigorated M&A platform (est. recent deals add ~17% growth to run rate)," states analyst Christopher Glynn. "We note '12E operating profit of 1.7x pre-recession peak ('08), and EPS at 2.0x, with very little contribution from acqs."

Glynn said the company's growth profile should benefit from a highly global footprint to leverage global leadership in dispensing technology to the packaging and consumable products industries, technology conversions and mobile devices, and materials substitution.

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 $51.27 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Add Your Comment