Dover Corporation (DOV) : Analyst Rating Update

Dover Corporation (DOV) has an average broker rating of 2.29, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Dover Corporation (DOV) : Currently there are 11 street experts covering Dover Corporation (DOV) stock. The most bullish and bearish price target for the stock is $87 and $59 respectively for the short term. The average price target of all the analysts comes to $71.55. The estimated standard deviation from the target is $8.88.

Dover Corporation (NYSE:DOV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.80 and $66.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.23, notching a gain of 0.19% for the day. The total traded volume was 2,173,671 . The stock had closed at $67.10 on the previous day.

Also, Brokerage firm Bernstein upgrades its rating on Dover Corporation (NYSE:DOV). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 10, 2016. The company shares have dropped -1.44% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $72.36 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $68.21 and the 200 Day Moving Average price is recorded at $63.40.

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four business segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production, Bearings & Compression and Automation end markets, and provides solutions and services for production and processing of oil, natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms, Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.