|Over a week ago|
Dover price target raised to $150 from $143 at Deutsche Bank » 07:3804/2104/21/21
Deutsche Bank analyst…
Deutsche Bank analyst Nicole DeBlase raised the firm's price target on Dover to $150 from $143 and keeps a Hold rating on the shares following the company's Q1 results.
Dover price target raised to $155 from $138 at JPMorgan » 07:2004/2104/21/21
JPMorgan analyst Stephen…
JPMorgan analyst Stephen Tusa raised the firm's price target on Dover to $155 from $138 and keeps an Overweight rating on the shares. The company's Q1 was "materially stronger than expected" and its guidance "remains conservative with underappreciated growth," Tusa tells investors in a research note.
Dover price target raised to $165 from $155 at Barclays » 06:5404/2104/21/21
Barclays analyst Julian…
Barclays analyst Julian Mitchell raised the firm's price target on Dover to $165 from $155 and keeps an Overweight rating on the shares following the company's Q1 results. The analyst believes further 2021 guidance raises are likely.
Dover price target raised to $149 from $142 at RBC Capital » 06:4304/2104/21/21
RBC Capital analyst Deane…
RBC Capital analyst Deane Dray raised the firm's price target on Dover to $149 from $142 and keeps a Sector Perform rating on the shares. The company's Q1 operating beat was driven by broad-based macro recovery and some pent-up demand from 2020, the analyst tells investors in a research note. Dray adds that while the management cited rising raw material costs and supply chain disruptions, it still expects price/cost to be "neutral at worst" in 2021.
Dover price target raised to $170 from $159 at Citi » 06:1304/2104/21/21
Citi analyst Andrew…
Citi analyst Andrew Kaplowitz raised the firm's price target on Dover to $170 from $159 and keeps a Buy rating on the shares. The company's "solid growth in niche end markets and track record of operational execution" were on display in Q1's beat, Kaplowitz tells investors in a research note. The analyst believes the raised 2021 guidance could prove conservative.
Early notable gainers among liquid option names on April 20th » 09:5504/2004/20/21
KSU, IBM, ENPH, DOV, NTRS
Notable gainers among…
Notable gainers among liquid option names this morning include Kansas City Southern (KSU) $295.22 +38.82, IBM (IBM) $138.25 +5.13, Enphase Energy (ENPH) $146.34 +5.25, Dover (DOV) $145.19 +4.75, and Northern Trust (NTRS) $108.79 +2.63.
Dover guidance raised but more upside seen, says Baird » 08:0104/2004/20/21
Baird analyst Mircea…
Baird analyst Mircea Dobre noted Dover reported Q1 results that beat and raised the guidance as well. The analyst said despite the solid results and raised guidance he still sees additional upside and as a results he remains a buyer of the shares. Dobre reiterated his Outperform rating and $149 price target on Dover shares.
Dover raises FY21 adjusted EPS view to $6.75-$6.85 from $6.25-$6.45 » 06:4704/2004/20/21
Consensus $6.46. Raises…
Consensus $6.46. Raises FY21 revenue view to up 10%-12% from up 8%-10%, consensus $7.27B. Tobin said, "As we look forward, our strong end market demand, bookings rates, and robust backlog give us confidence that market demand for our products will remain durable as we progress through the year. There are challenges to navigate going forward such as material cost inflation, supply chain bottlenecks, and labor availability, but our first quarter performance gives us grounds for optimism that we are up to the challenge. Furthermore, our balance sheet remains healthy and we have substantial capacity for inorganic capital deployment to continue enhancing our portfolio. On the back of a strong first quarter and the current trading environment, we are raising our full year revenue and EPS guidance."
Dover reports Q1 adjusted EPS $1.81, consensus $1.45 » 06:4404/2004/20/21
Reports Q1 revenue…
Reports Q1 revenue $1.87B, consensus $1.73B. Dover's President and CEO, Richard Tobin, said, "Overall, we are off to an encouraging start with first quarter results that exceeded our forecasts. Our businesses capitalized on the improving demand conditions in their markets and delivered strong volume growth despite some notable supply chain disruptions during the quarter. Comparable operating margins increased in the quarter on volume leverage, favorable product mix, and continued progress on our center-led efficiency initiatives."
|Over a month ago|
Dover price target raised to $143 from $133 at Deutsche Bank » 06:4504/1304/13/21
Deutsche Bank analyst…
Deutsche Bank analyst Nicole DeBlase raised the firm's price target on Dover to $143 from $133 and keeps a Hold rating on the shares. The analyst expects earnings beats to continue this quarter for the multi-industry group, but she expects the beats to "look less extreme." Further, the Q1 results are backward-looking, and companies may opt to leave rest-of-year guidance unchanged, given growing risk of supply chain constraints and "price/cost margin pinch as the recovery marches on," Deblase tells investors in a research note.