Dorman Products Gets a Hold Rating from Barrington

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Dorman Products (NASDAQ: DORM). The company’s shares opened today at $59.90, close to its 52-week low of $56.36.

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.6% and a 43.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Dorman Products has an analyst consensus of Hold, with a price target consensus of $65.

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Based on Dorman Products’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $228 million and quarterly net profit of $21.97 million. In comparison, last year the company earned revenue of $222 million and had a net profit of $29.19 million.

Based on the recent corporate insider activity of 25 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.