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Zacks Investment Research downgraded Dover Corp (NYSE:DOV) to Strong Sell in a report released today.

Zacks Investment Research has downgraded Dover Corp (NYSE:DOV) to Strong Sell in a report released on Thursday October 13, 2016.

Yesterday Dover Corp (NYSE:DOV) traded -1.56% lower at $66.05. DOV’s 50-day average is $71.00 and its two hundred day average is $69.14. With the last stock price close down -4.19% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 454,872 shares of DOV traded, down from an average trading volume of 1,238,290

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Dover Corp (NYSE:DOV)

Dover Corp has a 52 week low of $50.91 and a 52 week high of $74.90 with a PE ratio of 19.05 Dover Corp’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $70.57 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 13 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Dover Corp (NYSE:DOV)

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for production and processing of fuels across the world. Its Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic, oil and gas, and industrial markets. Dover's Engineered Systems segment is focused on the design, manufacture and service of critical equipment and components. Its Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service markets. The Company's businesses are based in the United States and Europe with manufacturing and other operations across the world.

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