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Obin’s raised price objective is based on an 18x EV/EBITDA multiple applied to the firm’s 2026 estimates, which is an increase from the previous 17x multiple. The new target multiple reflects Dover’s improving portfolio mix, faster earnings growth, and alignment with the valuation of its multi-industrial peers, which are trading at approximately 18x on their 2025 estimates. The analyst’s decision to raise the price target reflects confidence in Dover’s future performance and market position, supported by its strong return on equity of 23% and healthy current ratio of 2.04.
Obin’s raised price objective is based on an 18x EV/EBITDA multiple applied to the firm’s 2026 estimates, which is an increase from the previous 17x multiple. The new target multiple reflects Dover’s improving portfolio mix, faster earnings growth, and alignment with the valuation of its multi-industrial peers, which are trading at approximately 18x on their 2025 estimates. The analyst’s decision to raise the price target reflects confidence in Dover’s future performance and market position, supported by its strong return on equity of 23% and healthy current ratio of 2.04.
Obin’s raised price objective is based on an 18x EV/EBITDA multiple applied to the firm’s 2026 estimates, which is an increase from the previous 17x multiple. The new target multiple reflects Dover’s improving portfolio mix, faster earnings growth, and alignment with the valuation of its multi-industrial peers, which are trading at approximately 18x on their 2025 estimates. The analyst’s decision to raise the price target reflects confidence in Dover’s future performance and market position, supported by its strong return on equity of 23% and healthy current ratio of 2.04.
Obin’s raised price objective is based on an 18x EV/EBITDA multiple applied to the firm’s 2026 estimates, which is an increase from the previous 17x multiple. The new target multiple reflects Dover’s improving portfolio mix, faster earnings growth, and alignment with the valuation of its multi-industrial peers, which are trading at approximately 18x on their 2025 estimates. The analyst’s decision to raise the price target reflects confidence in Dover’s future performance and market position, supported by its strong return on equity of 23% and healthy current ratio of 2.04.
In other recent news, Dover Corporation (NYSE:DOV) has released its fourth-quarter results, with earnings surpassing expectations despite a slight miss on revenue. The company reported adjusted earnings per share of $2.20, beating the analyst consensus of $2.08. However, revenue was slightly below projections, coming in at $1.93 billion against the anticipated $1.96 billion. This represents a 1% increase in revenue and adjusted earnings per share compared to the same quarter last year.
For the full year of 2024, Dover generated revenue of $7.7 billion, a 1% year-on-year increase. Adjusted earnings per share for the year reached $8.29, indicating a 4% rise from the previous year.
In terms of future prospects, Dover has issued a robust earnings forecast for the fiscal year 2025. The company anticipates earnings per share to fall within the range of $9.30 to $9.50, with the midpoint of $9.40 exceeding the analyst consensus of $9.31. These recent developments underscore the ongoing momentum and potential for continued improvement in Dover’s financial performance.
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