Nordson Corp
NDSN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Qvs | LOCK|y< | LOCK|#^r<@xz |
Nordson Earnings: Full-Year Outlook Maintained Despite Slow Start to the Year
Wide-moat-rated Nordson had a slow start to the year, as its fiscal first-quarter sales of $615 million came in at the bottom end of management’s guidance range. We’ve maintained our $246 fair value estimate, as our slightly more muted near-term revenue growth projections were offset by time value of money. We continue to see the stock as modestly undervalued, with shares currently trading in 4-star territory.
