At the time of writing, Dover Corp. [DOV] stock is trading at $191.68, up 0.15%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DOV shares have lost -0.58% over the last week, with a monthly amount drifted -0.49%, and not 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.
For the past year, the stock price of Dover Corp. fluctuated between $127.25 and $195.68. Currently, Wall Street analysts expect the stock to reach $183.18 within the next 12 months. Dover Corp. [NYSE: DOV] shares were valued at $191.68 at the most recent close of the market. An investor can expect a potential drop of -4.43% based on the average DOV price forecast.
Analyzing the DOV fundamentals
According to Dover Corp. [NYSE:DOV], the company’s sales were 8.53B for trailing twelve months, which represents an 3.72% jump. 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 190.56 points at the first support level, and at 189.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 192.77, and for the 2nd resistance point, it is at 193.87.
Ratios To Look Out For
It is important to note that Dover Corp. [NYSE:DOV] has a current ratio of 1.53. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 4.91 and price to earnings (TTM) ratio is 17.87.
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.
