Credit Suisse raised the price target for the Dover Corporation (NYSE:DOV) stock to “an Outperform”. The rating was released on December 13, 2022, according to finviz. We previously noted in another research note published on April 08, 2022 by Barclays that downgraded the stock from an Overweight to an Equal weight with a price target of $160 for DOV stock. The research report from Oppenheimer has upgraded the stock from Perform to Outperform, with a price target set at $205. The stock was upgraded by Wells Fargo, who disclosed in a research note on December 20, 2021, from Underweight to Equal Weight and set the price objective to $184. In their research brief published December 17, 2021, Mizuho analysts initiated the Dover Corporation stock to Buy with a price target of $195.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Dover Corporation (NYSE:DOV) dipped -3.66% to close Wednesday’s market session at $140.33, lower as compared to yesterday’s close. The stock price fluctuated between $137.37 and $143.17 throughout the trading session with the volume trading being 1483946 shares, which represented a significant variation when compared to the three months average volume of 849.08K shares. The firm’s stock price fluctuated -7.96% within the last five trades and -9.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.64% in the last 6 months and 0.02% was added to its value over the previous 3 months. DOV stock is trading at a margin of -7.00%, -4.93% and 4.62% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, DOV deals in the Industrials domain. The stock is trading -13.84 percent below its 52-week high and 22.57 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -6.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Dover Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 16.20 percent and the profit margin is 12.50 percent, and the company has reported a gross margin of 36.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $20.19 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Dover Corporation (NYSE:DOV) is 19.31. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.36. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.37 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.59, which equates 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 shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Dover Corporation shares are owned by insiders, and 94.70 percent are held by financial institutions. Cerepak Brad M, the Senior Vice President and CFO at Dover Corporation (DOV) has sold 34,972 shares of firm on Mar 13 at a price of $143.25 against the total amount of $5.01 million. In another inside trade, Kosinski Anthony K, Vice President, Tax of Dover Corporation (NYSE:DOV) sold 2,203 shares of the firm on Oct 24 for a total worth of $0.28 million at a price of $126.18. An inside trade which took place on Apr 25, SVP, Operations of Dover Corporation Malinas David J. bought 350 shares of firm against total price of $48804.0 at the cost of $139.44 per share.