BMO Capital Believes Dover Corp (NYSE: DOV) Still Has Room to Grow

By Austin Angelo

BMO Capital analyst Scott Graham reiterated a Buy rating on Dover Corp (NYSE: DOV) on August 25 and set a price target of $94. The company’s shares closed on Friday at $85.27, close to its 52-week high of $87.63.

According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.4% and a 62.0% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Northwest Pipe Company, and Gorman-Rupp Company.

Currently, the analyst consensus on Dover Corp is Moderate Buy and the average price target is $91.75, representing a 7.6% upside.

In a report issued on August 24, Robert W. Baird also reiterated a Buy rating on the stock with a $91 price target.

Dover Corp’s market cap is currently $13.28B and has a P/E ratio of 21.38. The company has a book value ratio of 3.2608.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. It operates through the following segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.