Nordson (NDSN) Shares Given New $45.00 Price Target by BMO Capital Markets Analysts

Posted by on Dec 16th, 2011;  Equities research analysts at BMO Capital Markets lowered their price target on shares of Nordson (NASDAQ: NDSN) to $45.00 in a research issued note to investors on Friday. They currently have a “market perform” rating on the company’s shares.

Nordson Corporation is engaged in manufacturing of equipment used for precision material dispensing, testing and inspection, surface preparation and curing. The technology-based systems are found in the production facilities globally. It serves the markets, including the appliance, automotive, bookbinding, container, converting, electronics, food and beverage, furniture, life sciences, medical, metal finishing, nonwoven, packaging, semiconductor and solar energy industries. The equipment ranges from manual, stand-alone units for low-volume operations to microprocessor-based automated systems for high-speed, high-volume production lines. The Company operates in three business segments: Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. In January 2010, the Company acquired German distributor GLT mbH based in Pforzheim, Germany. In November 2010, the Company acquired Micromedics Inc.

Shares of Nordson traded up 1.12% during mid-day trading on Friday, hitting $40.755. Nordson has a 52 week low of $36.12 and a 52 week high of $59.415. The stock’s 50-day moving average is $45.49 and its 200-day moving average is $46.57. The company has a market cap of $2.761 billion and a price-to-earnings ratio of 12.50.



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