Dover Corp Receives Consensus Rating of “Buy” from Brokerages (NYSE:DOV)
Dover Corp (NYSE:DOV) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the company, Stock Ratings Network.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $90.00.
Shares of Dover Corp (NYSE:DOV) traded up 0.18% on Friday, hitting $84.4001. 175,896 shares of the company’s stock traded hands. Dover Corp has a one year low of $67.7842 and a one year high of $91.84. The stock has a 50-day moving average of $88.64 and a 200-day moving average of $83.34. The company has a market cap of $14.057 billion and a P/E ratio of 17.25.
Dover Corp (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Dover Corp will post $4.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.90%.
A number of research firms have recently commented on DOV. Analysts at RBC Capital raised their price target on shares of Dover Corp from $95.00 to $97.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dover Corp in a research note on Friday, July 18th. They now have a $91.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Dover Corp in a research note on Friday, July 18th. They now have a $90.00 price target on the stock, up previously from $89.00.
Dover Corporation (NYSE:DOV) manufactures a range of specialized products and components and also offers related services and consumables.
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