Merrill Lynch analyst Merrill Lynch maintained a Buy rating on Dover Corp (NYSE:DOV) on Tuesday, setting a price target of $126, which is approximately 10.55% above the present share price of $113.98.
expects Dover Corp to post earnings per share (EPS) of $0.87 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Dover, with an average price target of $117.43.
The analysts price targets range from a high of $126 to a low of $102.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.5 billion and a net profit of $184.86 million. The company's market cap is $16.37 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.8% and a 58.17% success rate.
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: Engineered Systems, Fluids, and Refrigeration and Food Equipment. The Engineered Systems segment focuses on the design, manufacture, and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrial end markets. The Fluids segment focuses on the safe handling of critical fluids and gases the retail fueling, chemical, hygienic, and industrial end markets. The Refrigeration and Food Equipment segment provides innovative and energy-efficient equipment and systems serving the commercial refrigeration and food equipment end markets. The company was founded by George L. Ohrstrom in 1947 and is headquartered in Downers Grove, IL.