Analyst Price Target Update on Dover Corporation (NYSE:DOV)

Dover Corporation (NYSE:DOV): The stock price is expected to reach $ 71.55 in the short term. The number of analysts agreeing with this consensus is 11. The higher estimate for the short term price target is at $87 while the lower estimate is at $59. The standard deviation of the price stands at $8.88.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Bernstein upgrades the rating on Dover Corporation (NYSE:DOV). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director officer (CEO and President) of Dover Corp, Livingston Robert sold 5,000 shares at $76.84 on May 20, 2015. The Insider selling transaction had a total value worth of $384,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Dover Corporation (NYSE:DOV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.48 points or 0.68% at $70.19 with 1,009,582 shares getting traded. Post opening the session at $70.33, the shares hit an intraday low of $70 and an intraday high of $71.05 and the price was in this range throughout the day. The company has a market cap of $10,890 million and the number of outstanding shares have been calculated to be 155,148,750 shares. The 52-week high of Dover Corporation (NYSE:DOV) is $73.92 and the 52-week low is $50.91.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *