Short Term Rating on Dover Corporation (DOV)

Dover Corporation (DOV) : 5 brokerage houses believe that Dover Corporation (DOV) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dover Corporation (DOV). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.29.

Dover Corporation (DOV) : The highest level Dover Corporation (DOV) is projected to reach is $87 for the short term and the lowest estimate is at $59. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $71.55 and the possibility the share price can swing is $8.88.

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


Dover Corporation (NYSE:DOV): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.69 and $71.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.03, notching a gain of 1.35% for the day. The total traded volume was 1,165,113 . The stock had closed at $71.07 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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