Barrington analyst Gary Prestopino maintained a Hold rating on Dorman Products (NASDAQ: DORM) today. The company’s shares closed yesterday at $70.73.
Prestopino noted:
“We have a MARKET PERFORM investment rating on the shares based on valuation. 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. and is headquartered in Colmar, PA.”
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.3% and a 34.4% 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 $65 average price target.
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Based on Dorman Products’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $34.34 million. In comparison, last year the company had a net profit of $27.01 million.
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.
