Analyst Rating Update on Dover Corporation (DOV)

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) : The consensus price target for Dover Corporation (DOV) is $74 for the short term with a standard deviation of $9.46. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $87, however, the pessimist price target for the company is $59.

Company shares have received an average consensus rating of Hold for the current week


Dover Corporation (NYSE:DOV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.70 and $69.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.66, notching a gain of 1.42% for the day. The total traded volume was 1,174,801 . The stock had closed at $69.67 on the previous day.

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.

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