Dorman Products (DORM) Receives Price Target

Dorman Products (DORM) : Average target price received by Dorman Products (DORM) is $59.17 with an expected standard deviation of $9.28. The most aggressive target on the stock is $68, whereas the most downbeat target is $50. 3 financial analysts are currently covering the stock.

Dorman Products (DORM) : 5 analysts are covering Dorman Products (DORM) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Jefferies maintains its view on Dorman Products (NASDAQ:DORM) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $55 per share to $60 per share on Dorman Products . The rating by the firm was issued on July 27, 2016.

Dorman Products (NASDAQ:DORM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.18 and $62.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.21, notching a gain of 0.22% for the day. The total traded volume was 104,990 . The stock had closed at $63.07 on the previous day.

Dorman Products, Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140,000 different stock keeping units (SKUs) of automotive replacement parts and fasteners. Approximately 85% of the Companys products are sold under brands that it owns and the remainders of its products are sold for resale under customers private labels, other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train, automotive body, chassis and hardware. Its sub-brands include DORMAN OE Solutions, DORMAN HELP!, DORMAN TECHoice, DORMAN AutoGrade, DORMAN Conduct-Tite!, DORMAN FirstStop and DORMAN HD Solutions.

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