Nomura Reaffirms Buy Rating on Dover (DOV)

By admin | 6 years ago

Dover (NYSE: DOV)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura (NYSE: NMR) in a report released on Tuesday.

Shares of Dover opened at 54.46 on Tuesday. Dover has a 52 week low of $43.64 and a 52 week high of $70.15. The company has a market cap of $9.999 billion and a P/E ratio of 11.44.

Dover last announced its earnings results on Wednesday, April 18th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.03. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts predict that Dover will post $1.39 earnings per share next quarter.

DOV has been the subject of a number of other recent research reports. Analysts at RBC Capital (NYSE: RY) initiated coverage on shares of Dover in a research note to investors on Thursday, May 24th. They set an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dover in a research note to investors on Thursday, April 19th. They now have a $64.00 price target on the stock. Finally, analysts at SunTrust (NYSE: STI) initiated coverage on shares of Dover in a research note to investors on Tuesday, April 17th. They set a “buy” rating on the stock.

Dover Corporation (Dover) manufactures a range of specialized products and components and also offers related services and consumables.

About the author