Dover Corp. [NYSE: DOV] closed the trading session at $184.78.
The stocks have a year to date performance of 20.14 percent and weekly performance of -5.18 percent. The stock has been moved at 3.17 percent over the last six months. The stock has performed -2.86 percent around the most recent 30 days and changed -0.24 percent over the most recent 3-months.
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If compared to the average trading volume of 904.79K shares, DOV reached to a volume of 2619646 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Dover Corp. [DOV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOV shares is $207.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOV stock is a recommendation set at 1.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for Dover Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 05, 2024. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on December 13, 2022, representing the official price target for Dover Corp. stock. Previously, the target price had yet another drop from $190 to $160, while Barclays kept a Equal Weight rating on DOV stock.
The Average True Range (ATR) for Dover Corp. is set at 3.44, with the Price to Sales ratio for DOV stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 4.74, with the Price to Cash per share for the same quarter was set at 2.39. Price to Free Cash Flow for DOV in the course of the last twelve months was 23.51 with Quick ratio for the last quarter at 0.95.
DOV stock trade performance evaluation
Dover Corp. [DOV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.18. With this latest performance, DOV shares dropped by -2.86% in over the last four-week period, additionally plugging by 3.17% over the last 6 months – not to mention a rise of 39.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOV stock in for the last two-week period is set at 40.92, with the RSI for the last a single of trading hit 33.31, and the three-weeks RSI is set at 45.29 for Dover Corp. [DOV]. The present Moving Average for the last 50 days of trading for this stock 186.52, while it was recorded at 191.00 for the last single week of trading, and 176.50 for the last 200 days.
Dover Corp. [DOV]: An insightful look at the core fundamentals
Dover Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.53.
Earnings per share (EPS) analysis for Dover Corp. [DOV] stock
With the latest financial reports released by the company, Dover Corp. posted 2.35/share EPS, while the average EPS was predicted by analysts to be reported at 2.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dover Corp. go to 9.23%.
Dover Corp. [DOV]: Institutional Ownership
There are presently around $87.21%, or 87.57%% of DOV stock, in the hands of institutional investors. The top three institutional holders of DOV stocks are: VANGUARD GROUP INC with ownership of 16.09 million shares, which is approximately 11.5744%. JPMORGAN CHASE & CO, holding 10.85 million shares of the stock with an approximate value of $$1.96 billion in DOV stocks shares; and JPMORGAN CHASE & CO, currently with $$1.76 billion in DOV stock with ownership which is approximately 7.0206%.
