Dover (DOV) Is At $104.14 Formed Wedge; Last Week Resolute Forest Products Inc. (RFP) Coverage

Among 4 analysts covering Resolute Forest Products (NYSE:RFP), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Resolute Forest Products had 16 analyst reports since October 21, 2015 according to SRatingsIntel. IBC upgraded Resolute Forest Products Inc. (NYSE:RFP) on Monday, June 5 to “Sector Perform” rating. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) on Sunday, October 8 with “Hold” rating. The rating was upgraded by TD Securities on Friday, November 3 to “Hold”. RBC Capital Markets maintained it with “Hold” rating and $7.0 target in Thursday, November 2 report. On Monday, April 25 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was downgraded by Scotia Capital on Thursday, January 5 to “Sector Underperform”. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) on Wednesday, April 19 with “Hold” rating. IBC upgraded the shares of RFP in report on Friday, November 3 to “Outperformer” rating. The firm has “Outperform” rating given on Friday, February 5 by RBC Capital Markets. The stock has “Sell” rating by Scotia Capital on Wednesday, January 10. See Resolute Forest Products Inc. (NYSE:RFP) latest ratings:

10/01/2018 Broker: Scotia Capital Rating: Sell New Target: $8.25 Maintain
02/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $7.0 Maintain
03/11/2017 Broker: TD Securities Old Rating: Reduce New Rating: Hold Upgrade
03/11/2017 Broker: IBC Old Rating: Neutral New Rating: Outperformer Upgrade
19/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $6.0 Maintain
13/10/2017 Broker: TD Securities Rating: Sell New Target: $5.0 Maintain
08/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $5.0 Maintain
30/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $5.0000 Maintain

Dover Corporation (DOV) formed wedge up with $113.51 target or 9.00% above today’s $104.14 share price. Dover Corporation (DOV) has $16.22B valuation. The stock increased 0.61% or $0.63 during the last trading session, reaching $104.14. About 472,887 shares traded. Dover Corporation (NYSE:DOV) has risen 29.68% since January 13, 2017 and is uptrending. It has outperformed by 12.98% the S&P500.

The stock decreased 1.29% or $0.15 during the last trading session, reaching $11.45. About 640,465 shares traded or 56.18% up from the average. Resolute Forest Products Inc. (NYSE:RFP) has declined 21.24% since January 13, 2017 and is downtrending. It has underperformed by 37.94% the S&P500.

Resolute Forest Products Inc. operates in the forest products industry in the United States, Canada, Mexico, Brazil, and internationally. The company has market cap of $1.03 billion. It operates through five divisions: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. It currently has negative earnings. The Market Pulp segment provides market pulp, recycled bleached Kraft pulp, and bleached hardwood Kraft pulp used to make a range of consumer products, such as tissue, packaging, specialty paper products, diapers, and other absorbent products.

Analysts await Dover Corporation (NYSE:DOV) to report earnings on January, 25. They expect $1.04 EPS, up 46.48% or $0.33 from last year’s $0.71 per share. DOV’s profit will be $162.02 million for 25.03 P/E if the $1.04 EPS becomes a reality. After $1.16 actual EPS reported by Dover Corporation for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.

Since August 4, 2017, it had 0 buys, and 5 insider sales for $8.01 million activity. STUBBS MICHAEL B sold $3.97 million worth of stock or 41,505 shares. $419,100 worth of Dover Corporation (NYSE:DOV) shares were sold by Goldberg Paul. Another trade for 6,554 shares valued at $624,203 was made by Spurgeon William on Thursday, October 26.

Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.13, from 0.91 in 2017Q2. It is positive, as 33 investors sold Dover Corporation shares while 190 reduced holdings. 76 funds opened positions while 157 raised stakes. 130.20 million shares or 1.96% less from 132.81 million shares in 2017Q2 were reported. The Kentucky-based Harvey Inv Ltd Llc has invested 0.22% in Dover Corporation (NYSE:DOV). Town & Country Financial Bank & Tru Dba First Bankers Tru has invested 0.55% in Dover Corporation (NYSE:DOV). Retirement Of Alabama owns 75,523 shares for 0.04% of their portfolio. Voloridge Invest Mngmt Lc invested 0.01% in Dover Corporation (NYSE:DOV). Synovus Fincl Corp invested 0.01% in Dover Corporation (NYSE:DOV). Baystate Wealth Mgmt Ltd Liability Com stated it has 20 shares or 0% of all its holdings. Advsrs Asset Management stated it has 6,244 shares. Wealthtrust accumulated 0.01% or 173 shares. Hartford Invest holds 0.06% or 33,516 shares. Beck Mack Oliver Ltd Liability Corporation reported 632,316 shares. Suntrust Banks holds 0.01% in Dover Corporation (NYSE:DOV) or 19,175 shares. Folger Nolan Fleming Douglas Capital Inc has invested 0.03% of its portfolio in Dover Corporation (NYSE:DOV). Maryland-based Proshare Limited Liability Company has invested 0.63% in Dover Corporation (NYSE:DOV). World Asset Management invested in 17,805 shares. Advantus Management holds 0.04% or 15,595 shares in its portfolio.

Among 23 analysts covering Dover (NYSE:DOV), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Dover had 82 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, January 13 by UBS. As per Wednesday, June 21, the company rating was downgraded by Seaport Global. As per Tuesday, January 3, the company rating was upgraded by Vertical Research. The stock of Dover Corporation (NYSE:DOV) has “Hold” rating given on Tuesday, December 13 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, October 13 by Robert W. Baird. The company was maintained on Tuesday, July 4 by Stifel Nicolaus. The company was upgraded on Wednesday, September 20 by JP Morgan. The firm earned “Buy” rating on Tuesday, November 3 by Suntrust Robinson. The stock of Dover Corporation (NYSE:DOV) earned “Equalweight” rating by Barclays Capital on Monday, July 18. The rating was maintained by Citigroup on Wednesday, March 16 with “Neutral”.