Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Nordson Corporation (NASDAQ: NDSN) and A.O. Smith Corp. (NYSE: AOS).
Nordson Corporation (NASDAQ: NDSN)
Oppenheimer analyst Christopher Glynn reiterated a Buy rating on Nordson Corp (NASDAQ: NDSN) yesterday. The company’s shares opened today at $97, close to its 52-week high of $98.80.
According to TipRanks.com, Glynn is a top 25 analyst with an average return of 15.8% and a 75.2% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation Inc, and Mueller Water Products.
Nordson Corp has an analyst consensus of Moderate Buy
.
A.O. Smith Corp. (NYSE: AOS)
Oppenheimer analyst Jim Giannakouros reiterated a Hold rating on AO Smith Corp (NYSE: AOS) yesterday. The company’s shares opened today at $95, close to its 52-week high of $95.74.
Giannakouros commented, “We hosted upbeat meetings with Treasurer & VP IR Pat Ackerman last week—and why not? AOS continues to see healthy end markets for its US commercial water heaters and boilers, as well as its consumer products in China. We had been wary of price/cost headwinds in NA, but management reiterated confidence in offsets such as 1) pricing implemented 8/1, 2) operating leverage potential (automation driving increased volume leverage), 3) NPIs affording mix benefits, and 4) sunsetting ERP investments (~$10M benefit in ’17E vs. ’16).”
According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 3.7% and a 56.9% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.
AO Smith Corp has an analyst consensus of Moderate Buy, with a price target consensus of $106
.