Stifel Nicolaus analyst Nathan Jones maintained a Hold rating on Dover Corp (NYSE: DOV) today and set a price target of $92. The company’s shares closed yesterday at $87.25, close to its 52-week high of $88.60.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 8.2% and a 61.3% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Illinois Tool Works, and Parker Hannifin.
The word on The Street in general, suggests a Hold analyst consensus rating for Dover Corp with a $87.11 average price target, representing a -0.2% downside. In a report issued on September 7, BMO Capital also downgraded the stock to Hold with a $90 price target.
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Dover Corp’s market cap is currently $12.89B and has a P/E ratio of 18.29. The company has a Price to Book ratio of 4.54.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock.
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Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. It operates through the following business segments: Engineered Systems, Fluids, Refrigeration & Food Equipment, and Energy.
