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Stock Update (NYSE:DOV): Dover To Present At The Bernstein Strategic Decisions Conference

[GlobeNewswire] – DOVER TO PRESENT AT THE BERNSTEIN STRATEGIC DECISIONS CONFERENCE Downers Grove, IL, May 23, 2016 – Dover (NYSE: DOV) announced that President and Chief Executive Officer, Robert A. Livingston will be presenting … Read more on this. Dover Corporation (DOV) , valued at $10.02B, started trading this morning at $64.46. Shares have traded today between $64.02 and $64.94 per share with a one year range of $50.91 to $78.21. DOV shares are currently priced at 18.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.12x earnings multiple for the same period. The company pays shareholders $1.68 per share annually in dividends, yielding 2.60%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.86 per share, which would be $0.11 worse than the year-ago quarter and a $0.14 sequential decrease. The full-year EPS estimate is $3.48 which would be a $0.15 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.72 Billion. If realized, that would be a 2.27% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded DOV from Neutral to Buy (May 10, 2016). Previously, Seaport Global Securities upgraded DOV from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $66.69, which is 3.46% above where the stock opened this morning. See more in (NYSE:DOV) Similar Articles: Market Update (NYSE:DOV): Dover Announces First Quarter 2016 Earnings Release Date, Conference Call and Webcast Market Update: Dover Corporation (NYSE:DOV) – Dover Reports Fourth Quarter And Full Year 2015 Results And Reaffirms 2016 EPS Guidance Company Update: Dover Corporation (NYSE:DOV) – Dover Announces Fourth Quarter 2015 Earnings Release Date, Conference Call and Webcast
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