Dover Corp (NYSE: DOV)’s stock price has soared by 0.08 in relation to previous closing price of 206.34. Nevertheless, the company has seen a gain of 4.23% in its stock price over the last five trading days. prnewswire.com reported 2024-11-20 that DOWNERS GROVE, Ill., Nov. 20, 2024 /PRNewswire/ — ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE: DOV), today announced the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products.
Is It Worth Investing in Dover Corp (NYSE: DOV) Right Now?
The price-to-earnings ratio for Dover Corp (NYSE: DOV) is above average at 18.48x. The 36-month beta value for DOV is also noteworthy at 1.22. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DOV is 136.53M, and at present, short sellers hold a 0.83% of that float. The average trading volume of DOV on November 28, 2024 was 908.17K shares.
DOV’s Market Performance
DOV’s stock has seen a 4.23% increase for the week, with a 7.65% rise in the past month and a 12.84% gain in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.50% for Dover Corp The simple moving average for the last 20 days is 3.18% for DOV’s stock, with a simple moving average of 13.47% for the last 200 days.
Analysts’ Opinion of DOV
Many brokerage firms have already submitted their reports for DOV stocks, with UBS repeating the rating for DOV by listing it as a “Neutral.” The predicted price for DOV in the upcoming period, according to UBS is $217 based on the research report published on November 13, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see DOV reach a price target of $227. The rating they have provided for DOV stocks is “Outperform” according to the report published on October 28th, 2024.
Seaport Research Partners gave a rating of “Buy” to DOV, setting the target price at $190 in the report published on February 05th of the current year.
DOV Trading at 6.19% 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 -0.59% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +7.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.07% upper at present.
During the last 5 trading sessions, DOV rose by +4.23%, which changed the moving average for the period of 200-days by +29.21% in comparison to the 20-day moving average, which settled at $200.14. In addition, Dover Corp saw 34.26% 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 Cabrera Ivonne M, who sale 2,500 shares at the price of $204.31 back on Nov 11 ’24. After this action, Cabrera Ivonne M now owns 56,579 shares of Dover Corp, valued at $510,775 using the latest closing price.
Cabrera Ivonne M, the Officer of Dover Corp, proposed sale 2,500 shares at $204.25 during a trade that took place back on Nov 11 ’24, which means that Cabrera Ivonne M is holding shares at $510,636 based on the most recent closing price.
Stock Fundamentals for DOV
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.38 for the gross margin
The net margin for Dover Corp stands at 0.19. The total capital return value is set at 0.14. Equity return is now at value 28.93, with 13.43 for asset returns.
Based on Dover Corp (DOV), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 10.31.
Currently, EBITDA for the company is 1.72 billion with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.75. The receivables turnover for the company is 5.85for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In summary, Dover Corp (DOV) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
