Dover Corp Given Consensus Rating of “Buy” by Brokerages (NYSE:DOV)
Shares of Dover Corp (NYSE:DOV) have been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the company, Analyst Ratings Network.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $88.25.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a “positive” rating on shares of Dover Corp in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dover Corp in a research note on Wednesday, June 11th. They now have a $94.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Dover Corp from $92.00 to $96.00 in a research note on Monday, June 9th.
Shares of Dover Corp (NYSE:DOV) traded down 1.06% during mid-day trading on Thursday, hitting $88.82. 45,245 shares of the company’s stock traded hands. Dover Corp has a 1-year low of $63.0373 and a 1-year high of $90.91. The stock’s 50-day moving average is $87.72 and its 200-day moving average is $81.13. The company has a market cap of $14.787 billion and a P/E ratio of 16.25.
Dover Corp (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 17th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company posted $1.10 earnings per share. Dover Corp’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Dover Corp will post $4.80 EPS for the current fiscal year.
Dover Corporation (NYSE:DOV) manufactures a range of specialized products and components and also offers related services and consumables.
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