Dorman Products Now Covered by FBR Capital Markets (DORM)
Investment analysts at FBR Capital Markets assumed coverage on shares of Dorman Products (NASDAQ:DORM) in a note issued to investors on Friday, Analyst Ratings Net reports. The firm set an “outperform” rating and a $65.00 price target on the stock. FBR Capital Markets’ target price would indicate a potential upside of 23.55% from the stock’s previous close.
Separately, analysts at William Blair initiated coverage on shares of Dorman Products in a research note to investors on Wednesday, December 18th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $53.83.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $172.28 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis.
Dorman Products, Inc (NASDAQ:DORM) is a supplier of automotive and heavy duty truck replacement parts and service line products primarily for the automotive aftermarket.
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