In a report published Monday, Wunderlich Securities analyst Liam D. Burke reiterated a Hold rating and $80.00 price target on Nordson Corporation NDSN.
In the report, Wunderlich Securities noted, "Nordson Corporation (NDSN) is the worldwide leader in all of its businesses with sustainable fundamentals and it has complemented its strong core business with opportunistic acquisitions. Nordson generates strong free cash flow and returns on invested capital in the area of 20%. Nordson's after-market product and service business contributes over 40% of the company's revenue, and provides a dependable and profitable source of recurring revenue. Despite excellent fundamentals, at the current valuation, we believe NDSN shares offer a fair risk/ reward trade-off. We reiterate our Hold rating."
Nordson closed on Friday at $78.46.
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