For its first fiscal quarter (ending March 31), Dover Corp (NYSE: DOV) has reported E.P.S. of $4.55 compared to $1.64 a year ago. For the latest four quarters through March 31, E.P.S. were $10.47 compared to $7.54 a year ago.
Recent Price Action
Dover Corp (NYSE: DOV) stock closed at $179.11 on 4/25/24 after a large increase of 4.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 232% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
DOV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Dover has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Dover has a poor Appreciation Score of 24 but a good Power Rating of 82, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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