Dover Corp (DOV) Receives $96.60 Average PT from Analysts
Dover Corp (NYSE:DOV) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $98.30.
DOV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Dover from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $105.00 in a research report on Wednesday, September 20th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 target price on shares of Dover in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $112.00 target price (up previously from $100.00) on shares of Dover in a research report on Tuesday. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, ValuEngine cut Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In related news, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total value of $222,689.60. Following the sale, the senior vice president now directly owns 5,192 shares in the company, valued at $490,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,276 shares of company stock worth $6,234,042. Company insiders own 2.50% of the company’s stock.
Dover (DOV) traded down $0.35 during trading on Monday, reaching $103.99. The company’s stock had a trading volume of 550,774 shares, compared to its average volume of 816,892. Dover has a 1 year low of $75.51 and a 1 year high of $104.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. The company has a market capitalization of $16,102.57, a PE ratio of 24.18, a PEG ratio of 1.77 and a beta of 1.29.
Dover (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. research analysts forecast that Dover will post 3.94 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Dover Corp (DOV) Receives $96.60 Average PT from Analysts” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2018/01/18/dover-corp-dov-receives-96-60-average-pt-from-analysts.html.
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
Receive News & Stock Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related stocks with our FREE daily email newsletter.