FMP
Dover Corporation Well Positioned for Continued EPS Growth & Stock Price Recovery
Jan 23, 2023 8:01 AM - Davit Kirakosyan
Image credit: FMP
Oppenheimer analysts shared their views on Dover Corporation (NYSE:DOV), noting that it is well-positioned for continued EPS growth and stock price recovery.
Following a challenging 2022 year for the company’s stock, the analysts believe Dover entered the new year with multiple levers for earnings growth, continued strategic progression, and meaningful share price recovery.
According to the analysts, demand remains positive across the majority of Dover's diversified portfolio and elevated backlog affords a degree of insulation from market uncertainties (including potential re-pricing in more commodity-exposed businesses). Areas of recent portfolio weakness may also transition to catalysts, with biopharma having lapped peak COVID vaccine-related shipments (now awaiting a robust pipeline of biologic therapies) and above-ground fueling in restructuring mode to offset weak demand.
Combined with carryover accretion from 2022 deals (including Witte Pumps), over $500 million in share repurchases, and ample strategic flexibility, the analysts anticipate relative operating and share price outperformance. The analysts maintained their Outperform rating and $164 price target on the company’s stock.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
