Equities research analysts at Goldman Sachs (NYSE: GS) boosted their price target on shares of Dover Co. (NYSE: DOV) to $80.00 in a research note to investors on Wednesday. The analysts currently have a "buy" rating on the stock.
Separately, analysts at William Blair initiated coverage on shares of Dover Co. in a research note to investors on Thursday, June 9th. They set a "market perform" rating on the stock. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Dover Co. in a research note to investors on Monday, April 25th. They now have a $71.00 price target on the stock.
Shares of Dover Co. traded up 0.03% during mid-day trading on Thursday, hitting $69.00. Dover Co. has a 52 week low of $41.23 and a 52 week high of $69.47. The stock's 50-day moving average is $63.90 and its 200-day moving average is $63.54. The company has a market cap of $12.874 billion and a price-to-earnings ratio of 16.67.
Dover Co. last announced its quarterly results on Thursday, April 21st. The company reported $0.92 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.90 EPS by $0.02. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 26.30% on a year-over-year basis. On average, analysts predict that Dover Co. will post $1.22 EPS next quarter.
Dover Corporation (Dover) owns and operates a global portfolio of manufacturing companies providing components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. The Company operates in four business segments: Industrial Products, Engineered Systems, Fluid Management and Electronic Technologies. The products designed, manufactured, assembled and/or serviced by the Company includes material handling equipment, mobile equipment related products, engineered products, product identification related products, energy market production and distribution products, fluid solution products, and electronic technology equipment and devices/components.
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