Nordson Corp

NDSN: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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