Dover Corporation (NYSE:DOV) went up by 6.69% from its latest closing price compared to the recent 1-year high of $156.86. The company’s stock price has collected 5.01% of gains in the last five trading sessions. Press Release reported 17 hours ago that Dover Reports Second Quarter 2021 Results; Raises Full Year Guidance
Is It Worth Investing in Dover Corporation (NYSE :DOV) Right Now?
Dover Corporation (NYSE:DOV) scored a price-to-earnings ratio above its average ratio, recording 31.79 x from its present earnings ratio. Plus, the 36-month beta value for DOV is at 1.38. Opinions of the stock are interesting as 7 analysts out of 17 who provided ratings for Dover Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $171.17, which is -$0.47 below the current price. DOV currently public float of 142.58M and currently shorts hold a 1.68% ratio of that float. Today, the average trading volume of DOV was 672.39K shares.
DOV’s Market Performance
DOV stocks went up by 5.01% for the week, with a monthly jump of 13.42% and a quarterly performance of 11.93%, while its annual performance rate touched 58.12%. The volatility ratio for the week stands at 2.59% while the volatility levels for the past 30 days are set at 1.70% for Dover Corporation. The simple moving average for the period of the last 20 days is 7.22% for DOV stocks with a simple moving average of 22.36% for the last 200 days.
Analysts’ Opinion of DOV
Many brokerage firms have already submitted their reports for DOV stocks, with Wolfe Research repeating the rating for DOV by listing it as a “Peer Perform.” The predicted price for DOV in the upcoming period, according to Wolfe Research is $135 based on the research report published on December 08th of the previous year 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see DOV reach a price target of $134. The rating they have provided for DOV stocks is “Equal-Weight” according to the report published on November 23rd, 2020.
Robert W. Baird gave a rating of “Outperform” to DOV, setting the target price at $123 in the report published on July 17th of the previous year.
DOV Trading at 7.77% from the 50-Day Moving Average
After a stumble in the market that brought DOV to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 3.37% of gains for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +10.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.04% upper at present.
During the last 5 trading sessions, DOV rose by +5.01%, which changed the moving average for the period of 200-days by +51.33% in comparison to the 20-day moving average, which settled at $152.02. In addition, Dover Corporation saw 28.43% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at DOV starting from GRAHAM KRISTIANE C, who sale 30,000 shares at the price of $147.37 back on May 20. After this action, GRAHAM KRISTIANE C now owns 259,262 shares of Dover Corporation, valued at $4,421,100 using the latest closing price.
Cabrera Ivonne M, the SVP and General Counsel of Dover Corporation, sale 3,617 shares at $133.00 during a trade that took place back on Mar 08, which means that Cabrera Ivonne M is holding 21,454 shares at $481,061 based on the most recent closing price.
Stock Fundamentals for DOV
Current profitability levels for the company are sitting at:
- +14.73 for the present operating margin
- +37.30 for the gross margin
The net margin for Dover Corporation stands at +10.23. The total capital return value is set at 15.19, while invested capital returns managed to touch 10.69. Equity return is now at value 22.40, with 8.10 for asset returns.
Based on Dover Corporation (DOV), the company’s capital structure generated 97.56 points at debt to equity in total, while total debt to capital is 49.38. Total debt to assets is 36.09, with long-term debt to equity ratio resting at 96.03. Finally, the long-term debt to capital ratio is 48.61.
When we switch over and look at the enterprise to sales, we see a ratio of 3.16, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 5.61 and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.