Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $73.50 on Dover Corporation (NYSE:DOV) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.34 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Dover Corporation (NYSE:DOV) stands at 21.39.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Dover Corporation Common Stock, the PEG ratio for coming 3-5 years is 2.16.
The technical analysis highlights that Dover Corporation Common Stock current is trading $2.43 points away or +3.38% from its 50-day moving average of $71.95. Further it is trading $7.77 or +11.66% away its 200-day moving average of $66.61.
The 52-week high of Dover Corporation (NYSE:DOV) was $74.74 while lowest point recorded in 52-week was $50.91. It implies if stock price makes a movement of over $-0.36, it will record a new 52-week high. In the case of +46.10% drop, it will touch a new 52-week low.
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