Analyst Rating Update on Dover Corporation (DOV)

Dover Corporation (NYSE:DOV) : 14 analysts are covering Dover Corporation (NYSE:DOV) and their average rating on the stock is 2.29, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Dover Corporation (NYSE:DOV) : Currently there are 11 street experts covering Dover Corporation (NYSE: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.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Bernstein upgrades its ratings on Dover Corporation (NYSE:DOV). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 10, 2016.

Dover Corporation (NYSE:DOV): stock turned positive on Tuesday. Though the stock opened at $65.41, the bulls momentum made the stock top out at $66.22 level for the day. The stock recorded a low of $65.21 and closed the trading day at $66.21, in the green by 2.49%. The total traded volume for the day was 1,286,049. The stock had closed at $64.6 in the previous days trading.

In an insider trading activity, Livingston Robert, director officer (CEO and President) of Dover Corp, unloaded 5,000 shares at an average price of $76.84 on May 20, 2015. The total amount of the transaction was worth $384,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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