Dover (DOV) Stock Price: $149 Target And Equal-Weight Rating

By Amit Chowdhry ● Jun 6, 2022
  • The shares of Dover Corp. (NYSE: DOV) have received a $149 price target from Morgan Stanley. These are the details.

The shares of Dover Corp. (NYSE: DOV) have received a $149 price target from Morgan Stanley. And Morgan Stanley analyst Joshua Pokrzywinski is maintaining an “Equal-Weight” rating on the shares.

Last month, Dover announced that it has entered into a definitive agreement to acquire Malema Engineering Corporation, a designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments serving customers in the biopharmaceutical, semiconductor, and industrial sectors. Malema will become part of the PSG business unit within Dover’s Pumps & Process Solutions segment.

In late April, Dover reported a Q1 EPS of $1.90, which was $0.07 higher than analyst estimates of $1.83. And the revenue for the quarter was $2.1 billion compared to the consensus estimate of $2.03 billion.

In terms of guidance. Dover reported an FY2022 EPS of between $8.45 and $8.65, compared to the consensus of $8.57.

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