Brokerages Set Dorman Products Inc. (DORM) Target Price at $68.33

Shares of Dorman Products Inc. (NASDAQ:DORM) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $68.33.

DORM has been the subject of a number of recent analyst reports. CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. FBR & Co reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. BidaskClub raised Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. B. Riley reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, January 1st.

Dorman Products (NASDAQ DORM) traded down $1.93 on Wednesday, hitting $75.39. The stock had a trading volume of 288,130 shares, compared to its average volume of 247,847. Dorman Products has a 52 week low of $60.93 and a 52 week high of $88.50. The firm has a market capitalization of $2,540.00, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.83 and a beta of 0.85.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in Dorman Products by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock worth $199,000 after purchasing an additional 115 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Dorman Products by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,440 shares of the auto parts company’s stock worth $1,278,000 after purchasing an additional 307 shares during the last quarter. WCM Investment Management CA lifted its holdings in Dorman Products by 7.0% during the 3rd quarter. WCM Investment Management CA now owns 11,517 shares of the auto parts company’s stock worth $825,000 after purchasing an additional 750 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in Dorman Products by 12.0% during the 3rd quarter. ETRADE Capital Management LLC now owns 7,103 shares of the auto parts company’s stock worth $509,000 after purchasing an additional 760 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Dorman Products by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,322 shares of the auto parts company’s stock worth $1,765,000 after purchasing an additional 790 shares during the last quarter. 72.87% of the stock is owned by institutional investors.

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Dorman Products Company Profile

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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