Barrington Keeps a Hold Rating on Dorman Products (DORM)


Barrington analyst Gary Prestopino maintained a Hold rating on Dorman Products (NASDAQ: DORM) today. The company’s shares opened today at $77.66.

Prestopino noted:

“We believe that the company is on track to maintain this high-teens percentage of total sales in 2018.”

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.7% and a 37.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.

Currently, the analyst consensus on Dorman Products is a Hold with an average price target of $70, representing a -9.9% downside. In a report released today, B.Riley FBR also maintained a Hold rating on the stock with a $70 price target.

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The company has a one-year high of $83.42 and a one-year low of $56.36. Currently, Dorman Products has an average volume of 124.9K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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Dorman Products, Inc. engages in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket. Its products comprises of power-train, automotive body, chassis, and hardware. The company was founded by Steven L. Berman in October 1978 and is headquartered in Colmar, PA.

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