Dover (DOV) Receives a Hold from RBC Capital
In a report released on February 24, Deane Dray from RBC Capital maintained a Hold rating on Dover, with a price target of $244.00. The company’s shares closed yesterday at $231.35.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dray covers the Industrials sector, focusing on stocks such as Lennox International, Dover, and nVent Electric. According to TipRanks, Dray has an average return of 14.4% and a 64.53% success rate on recommended stocks.
Dover has an analyst consensus of Moderate Buy, with a price target consensus of $232.09, representing a 0.32% upside. In a report released on February 19, Wells Fargo also maintained a Hold rating on the stock with a $210.00 price target.
Based on Dover’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.1 billion and a net profit of $282.08 million. In comparison, last year the company earned a revenue of $1.93 billion and had a net profit of $1.44 billion
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DOV in relation to earlier this year. Earlier this month, Richard J Tobin, the COB, Pres & CEO of DOV sold 76,997.00 shares for a total of $17,917,201.90.
Read More on DOV:
