KeyBanc Maintains a 'Hold' on Nordson (NDSN); Raising Estimates After Quarterly Execution
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Price: $331.85 +7.08%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
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KeyBanc maintains a 'Hold' on Nordson (NASDAQ: NDSN).
Analyst, Matt J. Summerville, said, "We remain somewhat guarded in the near term despite NDSN's solid execution and strong overall order rates, noting the short-cycle nature of its business, and an unclear trajectory in Europe and China from a macro standpoint; however, this is well-balanced by our view that the Company's businesses possess attractive, long-term secular growth potential, particularly within Advanced Tech, including an ongoing migration to flip-chip underfill, rapid innovation in smartphones, tablets and other tech devices, LED adoption, and new microprocessor architectures."
Q4 EPS from $0.90 to $1.02, FY12 EPS estimate raised from $3.35 to $3.48, Raising FY13 from $3.85 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.
Analyst, Matt J. Summerville, said, "We remain somewhat guarded in the near term despite NDSN's solid execution and strong overall order rates, noting the short-cycle nature of its business, and an unclear trajectory in Europe and China from a macro standpoint; however, this is well-balanced by our view that the Company's businesses possess attractive, long-term secular growth potential, particularly within Advanced Tech, including an ongoing migration to flip-chip underfill, rapid innovation in smartphones, tablets and other tech devices, LED adoption, and new microprocessor architectures."
Q4 EPS from $0.90 to $1.02, FY12 EPS estimate raised from $3.35 to $3.48, Raising FY13 from $3.85 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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