In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on Dover (DOV), with a price target of $104.00. The company’s shares closed last Monday at $79.39, close to its 52-week low of $72.15.
According to TipRanks.com, Pokrzywinski is a 1-star analyst with an average return of -5.1% and a 37.9% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dover with a $120.67 average price target.
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The company has a one-year high of $120.26 and a one-year low of $72.15. Currently, Dover has an average volume of 955.3K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOV in relation to earlier this year.
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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 segments: Engineered Systems, Fluids, and Refrigeration and Food Equipment.