In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Dorman Products (NASDAQ: DORM), with a price target of $16. The company’s shares opened today at $72.43.
Prestopino observed:
“We believe the company will become more acquisitive over the next five years through tuck‐in acquisitions in the medium and heavy‐duty aftermarket, acquisitions in the complex electronics aftermarket, as well as acquisitions that expand the geographic footprint.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 6.6% and a 49.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
The word on The Street in general, suggests a Hold analyst consensus rating for Dorman Products with a $40.50 average price target.
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Dorman Products’ market cap is currently $2.41B and has a P/E ratio of 21.25. The company has a Price to Book ratio of 3.57.
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.
