Oppenheimer: “Time To “Perform” Dover (NYSE:DOV)”


How Oppenheimer Currently Rates Dover (NYSE:DOV)

The firm Oppenheimer has initiated coverage on Dover (NYSE:DOV)’s stock, rating it “Perform”. This was revealed to clients and investors in an analyst research report on 4 December.

From a total of 16 analysts covering Dover (NYSE:DOV) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is $75 while the lowest target price is $53. The mean of all analyst targets is $66.13 with a 3.92% above today’s ($64.58) stock price. Dover was the topic of 19 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on November 3 with “Buy” rating. Suntrust Robinson initiated DOV stock in a recent report from November 3 with “Buy” rating. Finally, Vertical Research upgraded the stock to “Sell” rating in a report issued on an August 26.

Approximately 136,889 shares of stock traded hands. Dover Corp (NYSE:DOV) has declined 12.81% since May 1, 2015 and is downtrending. It has underperformed by 10.03% the S&P500.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $10.01 billion. The Firm also provides supporting engineering, testing and other services. It has 16.51 P/E ratio. The Firm operates through four business divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

According to Zacks Investment Research, “Dover Corporation is a world-wide, diversified manufacturer of industrial products. The company’s businesses are divided into the following four business segments: Dover Diversified; Dover Industries; Dover Resources; and Dover Technologies.” Get a free copy of the Zacks research report on Dover Corp (DOV).