NYSE:DOVMachinery
Dover (DOV) Stock Looks Reasonable As Its 48% Three Year Run Continues
Dover stock has already returned 47.9% over the past three years, and the latest intrinsic value work using a Discounted Cash Flow (DCF) approach still points to the shares trading at a discount to that estimate rather than at a clear premium.
A 47.9% gain over three years suggests Dover has rewarded patient shareholders while still leaving the question of further upside open.
The planned acquisition of Cloeren can support expectations for future cash flows, while the usual integration and...