A share price of Dover Corp [DOV] is currently trading at $205.42, up 4.08%. 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 3.15% over the last week, with a monthly amount glided 9.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Dover Corp [NYSE: DOV] stock has seen the most recent analyst activity on November 13, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $217. Previously, Wolfe Research upgraded its rating to Outperform on October 28, 2024, and kept the price target unchanged to $227. On February 05, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $190 on the stock. Credit Suisse started tracking the stock assigning a Outperform rating and suggested a price target of $171 on December 13, 2022. Barclays downgraded its rating to a Equal Weight and reduced its price target to $160 on April 08, 2022. Oppenheimer upgraded its rating to Outperform for this stock on January 07, 2022, but kept the price target unchanged to $205. In a note dated December 20, 2021, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $165 to $184.
Dover Corp experienced fluctuations in its stock price throughout the past year between $148.45 and $208.26. Currently, Wall Street analysts expect the stock to reach $212.71 within the next 12 months. Dover Corp [NYSE: DOV] shares were valued at $205.42 at the most recent close of the market. An investor can expect a potential return of 3.55% based on the average DOV price forecast.
Analyzing the DOV fundamentals
Trailing Twelve Months sales for Dover Corp [NYSE:DOV] were 8.36B which represents -7.88% decline. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.47 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 200.48 points at the first support level, and at 195.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 212.46, and for the 2nd resistance point, it is at 219.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dover Corp [NYSE:DOV] is 1.57. As well, the Quick Ratio is 1.06, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 3.37, the price to book ratio is 4.95 and price to earnings (TTM) ratio is 18.38.
Transactions by insiders
Recent insider trading involved Cabrera Ivonne M, SVP, General Counsel & Secr., that happened on Nov 11 ’24 when 2500.0 shares were sold. Officer, Cabrera Ivonne M completed a deal on Nov 11 ’24 to buy 2500.0 shares. Meanwhile, Senior VP & CDO Juneja Girish sold 1000.0 shares on Nov 07 ’24.
