Wolfe Research has raised the Dover Corporation (NYSE: DOV) share price target from “outperformance” to “peer performance”. The rating was released on December 8, 2020. Robert W. Baird’s research report upgraded the stock from Neutral to Outperforming, with a price target set at $ 123. The stock was upped by Goldman, who disclosed in a research note on March 26, 2020, from Neutral to Buy and set the price target at $ 98. In their research brief published on March 23, 2020, Morgan Stanley analysts moved Dover Corporation stock from Equal-Weight to Overweight with a price target of $ 86.
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The latest exchanges, performances and moving averages give us the following picture
Dover Corporation (NYSE: DOV) stock price fell -0.45% to close Friday’s trading session at $ 154.95, down from yesterday’s close. The share price fluctuated between $ 154,715 and $ 156.86 throughout the trading session, with trading volume being 882,880 shares, which was a significant change from the three-month average volume of 662. , 51K shares. The company’s share price has fluctuated 0.97% in the last five trades and 3.31% in the last 30 trades, which is a significant change from the start of this year. Despite the fact that the stock price rose 22.07% in the last 6 months and 10.23% was added to its value in the previous 3 months. The DOV stock trades with a margin of 3.08%, 3.03% and 17.34% outside of the 20-day, 50-day and 200-day simple moving average prices.
As soon as the markets close, DOV deals in the field of industrial products. The stock is trading -1.11% below its 52 week high and 52.98% above its 52 week low. For example, looking at both the price and the 52 week high and low metrics will give you a clearer picture of where the price is heading. The company’s weighted alpha is 46.78. A positive weighted alpha indicates that the company did well during the year, while an alpha less than 0 indicates that the company did poorly.
What do Dover Corporation’s profitability and valuation ratios tell us about the stock?
As for the profitability of the company, the operating margin is currently 14.80 percent and the profit margin is 10.70 percent, and the company reported a gross margin of 37.80 percent . Profit margin, also known as the revenue ratio or gross margin ratio, is an efficiency figure used to estimate the profitability of the business by comparing net profit and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap reached a total value of $ 21.96 billion in the last trading session. Market capitalization is the total value of all the outstanding shares of a company and it is used to measure the market value of a company. The price-to-earnings ratio for Dover Corporation (NYSE: DOV) is 30.38. The price / earnings ratio is a method of evaluating the value of companies by comparing them to their earnings per share. The forward P / E stands at 20.35. The forward price / earnings ratio is calculated using the expected earnings for determining the next year’s P / E. The stock achieved an effective price / sales ratio of 3.19 which reflects the cost of sales to the market. The company managed a price-to-book ratio of 6.37, which equates to the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in stocks controlled by the management of a company because a management company will be more likely to run the business itself and never act against the wishes of management and will always try to doing what is best for their shareholders. Currently 0.40% of Dover Corporation shares are owned by insiders and 86.10% are held by financial institutions. GRAHAM KRISTIANE C, the director of Dover Corporation (DOV) sold 30,000 shares of the company on May 20 at a price of $ 147.37 for a total amount of $ 4.42 million. In another insider trading, Cabrera Ivonne M, senior vice president and general counsel of Dover Corporation (NYSE: DOV) sold 3,617 shares of the company on March 08 for a total value of $ 0.48 million at price of 133.00 dollars. In an insider dealing that took place on December 1, Dover Corporation Senior Vice President and CFO Cerepak Brad M sold 33,668 shares of the company for a total price of $ 4.16 million at a price of 123 , $ 56 per share.