JPMorgan Chase & Co. Lowers Dover (NYSE:DOV) Price Target to $208.00

Dover (NYSE:DOV) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $212.00 to $208.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.00% from the stock’s previous close.

Several other research firms have also issued reports on DOV. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Citigroup reduced their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Stock Up 1.9 %

NYSE:DOV opened at $194.39 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover has a 12-month low of $143.96 and a 12-month high of $208.26. The stock’s fifty day simple moving average is $196.43 and its 200-day simple moving average is $188.79. The firm has a market capitalization of $26.67 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.15 and a beta of 1.23.

Institutional Investors Weigh In On Dover

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Dover during the 3rd quarter worth approximately $33,000. Fairscale Capital LLC bought a new position in shares of Dover during the second quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new stake in Dover during the 4th quarter worth approximately $38,000. Avior Wealth Management LLC boosted its stake in Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the period. Finally, Coastline Trust Co bought a new position in Dover during the 3rd quarter worth $50,000. Institutional investors own 84.46% of the company’s stock.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.