RBC Capital Analysts Begin Coverage on Dover (DOV)

By admin | 6 years ago

Analysts at RBC Capital (NYSE: RY) started coverage on shares of Dover (NYSE: DOV) in a research report issued to clients and investors on Thursday. The firm set an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Dover in a research note to investors on Thursday, May 10th. 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.

Dover traded down 0.39% on Thursday, hitting $58.02. Dover has a 52-week low of $43.64 and a 52-week high of $70.15. The company has a market cap of $10.653 billion and a price-to-earnings ratio of 12.23.

Dover last posted its quarterly earnings results on Wednesday, April 18th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.03. Dover’s revenue was up 13.9% compared to the same quarter last year. 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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