Nordson Corp NDSN shares are trading higher by 5.94% to $224.49 Wednesday morning after Keybanc upgraded the stock from Sector Weight to Overweight and announced a $255 price target.
Nordson shares otherwise fell during Tuesday's session after the company reported first-quarter financial results and updated annual guidance.
What Happened?
Nordson reported Q1 sales of $610 million versus analyst estimates of $623.88 million. The company turned in adjusted EPS of $1.95 compared to consensus estimates of $1.98.
"First quarter results were in line with our expectations. Our team delivered sales growth comparable to a record fiscal first quarter 2022 despite unfavorable currency headwinds, the timing of the Chinese New Year...Read More
According to data from Benzinga Pro, NDSN has a 52-week high of $251.26 and a 52-week low of $194.89.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
