Dover Corporation (NYSE:DOV) Given Price Target Of $75


As per Dover Corporation (NYSE:DOV)’s news release on 2016-08-08, its shareholders will get cash dividend of $0.44 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-15, respectively.

The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Dover Corporation (NYSE:DOV) disbursed $0.44 in dividend compared to distribution of $0.44, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -90.695%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Dover Corporation (NYSE:DOV) to attain a price target of $75. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $87. The low price range is set at $59 for next year while the arithmetic mean is seen at 2.29.

Eyeing Earnings Dover Corporation (NYSE:DOV) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.03 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Dover Corporation (NYSE:DOV) earnings came at $0.87 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.86 for the quarter.

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