Dover (NYSE:DOV) Rating Reiterated by Royal Bank of Canada
Dover (NYSE:DOV)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday, January 4th. They presently have a $100.00 price objective on the industrial products company’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 3.55% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 price objective on shares of Dover in a research note on Thursday, December 14th. ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. SunTrust Banks reiterated a “hold” rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Finally, Citigroup restated a “neutral” rating and issued a $96.00 price target (up from $90.00) on shares of Dover in a research note on Monday, October 9th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $98.75.
Shares of Dover (NYSE DOV) opened at $103.68 on Thursday. The stock has a market cap of $16,150.00, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. Dover has a one year low of $75.51 and a one year high of $106.41.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in Dover in the 4th quarter valued at approximately $133,000. Benjamin F. Edwards & Company Inc. raised its holdings in Dover by 388.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,347 shares during the last quarter. Cape Cod Five Cents Savings Bank bought a new position in Dover in the 3rd quarter valued at approximately $201,000. NBT Bank N A NY bought a new position in Dover in the 3rd quarter valued at approximately $202,000. Finally, Pratt Collard Advisory Partners LLC bought a new position in Dover in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 84.66% of the company’s stock.
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Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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