Nomura Reaffirms Buy Rating on Dover (DOV)

By admin | 6 years ago

Dover (NYSE: DOV)‘s stock had its “buy” rating reaffirmed by Nomura (NYSE: NMR) in a research note issued on Thursday.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Morgan Stanley (NYSE: MS) upgraded shares of Dover from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, April 13rd. They now have a $65.00 price target on the stock.

Dover traded down 0.05% on Thursday, hitting $58.88. Dover has a 52-week low of $43.64 and a 52-week high of $70.15. The company has a market cap of $10.811 billion and a price-to-earnings ratio of 12.37.

Dover last posted its quarterly 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. Analysts expect that Dover will post $1.40 EPS next quarter.

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

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