In the past week, DOV stock has gone down by -2.49%, with a monthly decline of -2.82% and a quarterly surge of 17.35%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 1.56% for Dover Corp. The simple moving average for the past 20 days is -3.05% for DOV’s stock, with a 13.07% simple moving average for the past 200 days.
Is It Worth Investing in Dover Corp. (NYSE: DOV) Right Now?
Dover Corp. (NYSE: DOV) has a higher price-to-earnings ratio of 22.55x compared to its average ratio, The 36-month beta value for DOV is at 1.27. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for DOV is 136.69M, and currently, shorts hold a 2.83% of that float. The average trading volume for DOV on April 18, 2024 was 956.85K shares.
DOV) stock’s latest price update
The stock price of Dover Corp. (NYSE: DOV) has plunged by -0.97 when compared to previous closing price of 171.16, but the company has seen a -2.49% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Dover (DOV) sells its DESTACO business to focus better on core platforms.
Analysts’ Opinion of DOV
Many brokerage firms have already submitted their reports for DOV stocks, with Seaport Research Partners repeating the rating for DOV by listing it as a “Buy.” The predicted price for DOV in the upcoming period, according to Seaport Research Partners is $190 based on the research report published on February 05, 2024 of the current year 2024.
Credit Suisse, on the other hand, stated in their research note that they expect to see DOV reach a price target of $171. The rating they have provided for DOV stocks is “Outperform” according to the report published on December 13th, 2022.
Barclays gave a rating of “Equal Weight” to DOV, setting the target price at $160 in the report published on April 08th of the previous year.
DOV Trading at -0.02% 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 unable to rebound, for now settling with -4.92% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.94% upper at present.
During the last 5 trading sessions, DOV fell by -2.49%, which changed the moving average for the period of 200-days by +14.80% in comparison to the 20-day moving average, which settled at $174.55. In addition, Dover Corp. saw 10.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOV starting from Cerepak Brad M, who sale 6,000 shares at the price of $176.71 back on Mar 13 ’24. After this action, Cerepak Brad M now owns 17,909 shares of Dover Corp., valued at $1,060,260 using the latest closing price.
Todd Stephen M., the Director of Dover Corp., sale 1,500 shares at $171.19 during a trade that took place back on Mar 07 ’24, which means that Todd Stephen M. is holding 22,955 shares at $256,785 based on the most recent closing price.
Stock Fundamentals for DOV
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.37 for the gross margin
The net margin for Dover Corp. stands at 0.13. The total capital return value is set at 0.15. Equity return is now at value 22.50, with 9.50 for asset returns.
Based on Dover Corp. (DOV), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 9.86.
Currently, EBITDA for the company is 1.72 billion with net debt to EBITDA at 2.0. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 5.89for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In conclusion, Dover Corp. (DOV) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
