Nordson Likely To Post Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Nordson Corporation NDSN is expected to report financial results for third quarter fiscal year 2023, after the closing bell on Aug. 21, 2023.

Analysts expect the company to post quarterly earnings at $2.32 per share, down from year-ago earnings of $2.49 per share. The company’s revenue might come in at $665.65 million, compared to $662.13 million in the year-ago period.

Nordson shares fell 0.5% to close at $232.33 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Allison Poliniak Cusic maintained an Overweight rating and raised the price target from $270 to $290 on July 18, 2023. This analyst has an accuracy rate of 70%.
• Keybanc analyst Jeffrey Hammond maintained an Overweight rating and increased the price target from $255 to $270 on June 22, 2023. This analyst has an accuracy rate of 66%.
• Baird analyst Michael Halloran maintained an Outperform and increased the price target from $241 to $251 on May 24, 2023. This analyst has an accuracy rate of 72%.
• Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $250 to $225 on March 21, 2023. This analyst has an accuracy rate of 67%.
• DA Davidson analyst Matt Summerville maintained a Buy rating and increased the price target from $265 to $270 on Aug. 23, 2022. This analyst has an accuracy rate of 72%.

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