A share price of Dover Corp. [DOV] is currently trading at $190.22, down -1.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DOV shares have gain 2.31% over the last week, with a monthly amount glided 3.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dover Corp. [NYSE: DOV] stock has seen the most recent analyst activity on February 05, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $190 for it. Previously, Credit Suisse started tracking the stock with Outperform rating on December 13, 2022, and set its price target to $171. On April 08, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $160 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $205 on January 07, 2022. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $184 on December 20, 2021. Mizuho started tracking with a Buy rating for this stock on December 17, 2021, and assigned it a price target of $195. In a note dated October 08, 2021, Wells Fargo initiated an Underweight rating and provided a target price of $152 on this stock.
Dover Corp. experienced fluctuations in its stock price throughout the past year between $127.25 and $193.12. Currently, Wall Street analysts expect the stock to reach $179.5 within the next 12 months. Dover Corp. [NYSE: DOV] shares were valued at $190.22 at the most recent close of the market. An investor can expect a potential drop of -5.64% based on the average DOV price forecast.
Analyzing the DOV fundamentals
Trailing Twelve Months sales for Dover Corp. [NYSE:DOV] were 8.53B which represents 3.72% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.29 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 188.84 points at the first support level, and at 187.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 192.73, and for the 2nd resistance point, it is at 195.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dover Corp. [NYSE:DOV] is 1.53. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 17.74.
Transactions by insiders
Recent insider trading involved Cerepak Brad M, Senior VP & CFO, that happened on Sep 06 ’24 when 14818.0 shares were sold. Officer, Cerepak Brad M completed a deal on Sep 06 ’24 to buy 14818.0 shares. Meanwhile, SVP, General Counsel & Secr. Cabrera Ivonne M sold 1220.0 shares on Aug 29 ’24.
