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

Shares of Dorman Products Inc. (NASDAQ:DORM) have received an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $68.33.

Several analysts recently weighed in on the company. BidaskClub upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 7th. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Barrington Research restated a “hold” rating on shares of Dorman Products in a report on Thursday, July 12th. Finally, ValuEngine upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Thursday.

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In other Dorman Products news, Director John J. Gavin bought 1,536 shares of Dorman Products stock in a transaction on Monday, May 7th. The shares were acquired at an average price of $65.23 per share, for a total transaction of $100,193.28. Following the completion of the purchase, the director now directly owns 3,395 shares in the company, valued at approximately $221,455.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new stake in Dorman Products in the first quarter worth $188,000. Atria Investments LLC bought a new position in shares of Dorman Products during the 1st quarter worth $201,000. ARGI Investment Services LLC bought a new position in shares of Dorman Products during the 1st quarter worth $209,000. Thomson Horstmann & Bryant Inc. bought a new position in shares of Dorman Products during the 1st quarter worth $218,000. Finally, Virtu Financial LLC bought a new position in shares of Dorman Products during the 4th quarter worth $225,000. Institutional investors and hedge funds own 74.96% of the company’s stock.

NASDAQ:DORM traded down $1.40 during midday trading on Friday, hitting $73.17. 120,809 shares of the company traded hands, compared to its average volume of 104,313. Dorman Products has a 12-month low of $56.36 and a 12-month high of $83.44. The firm has a market capitalization of $2.44 billion, a PE ratio of 21.71, a PEG ratio of 1.25 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.07). Dorman Products had a net margin of 11.89% and a return on equity of 18.27%. The company had revenue of $227.30 million for the quarter, compared to analysts’ expectations of $233.97 million. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. analysts anticipate that Dorman Products will post 4.17 earnings per share for the current fiscal year.

Dorman Products Company Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

Further Reading: Understanding Analyst Ratings

Rush Enterprises, Inc. Class A (RUSHA) Getting Somewhat Favorable News Coverage, Study Shows

News articles about Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rush Enterprises, Inc. Class A earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.2723297824199 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Get Rush Enterprises Inc. Class A alerts: Rush Enterprises, Inc. Class A (RUSHA) Given Average Rating of “Buy” by Analysts (americanbankingnews.com) Equities Analysts Issue Forecasts for Rush Enterprises, Inc. Class A’s Q3 2018 Earnings (RUSHA) (americanbankingnews.com) Zacks: Analysts Expect Rush Enterprises, Inc. Class A (RUSHA) Will Announce Earnings of $0.72 Per Share (americanbankingnews.com) Rush Enterprises, Inc. Class A (RUSHA) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)

RUSHA stock opened at $45.21 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. Rush Enterprises, Inc. Class A has a one year low of $36.65 and a one year high of $55.40. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.97 and a beta of 1.27.

Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) last posted its quarterly earnings data on Monday, April 23rd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Rush Enterprises, Inc. Class A had a net margin of 3.64% and a return on equity of 11.09%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. sell-side analysts predict that Rush Enterprises, Inc. Class A will post 3.11 EPS for the current year.

A number of analysts have commented on RUSHA shares. BidaskClub lowered shares of Rush Enterprises, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Zacks Investment Research raised shares of Rush Enterprises, Inc. Class A from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, June 27th. Credit Suisse Group reduced their price objective on shares of Rush Enterprises, Inc. Class A from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, April 25th. Stifel Nicolaus raised shares of Rush Enterprises, Inc. Class A from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $50.00 in a research note on Wednesday, April 25th. Finally, Longbow Research raised shares of Rush Enterprises, Inc. Class A from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $51.43.

Rush Enterprises, Inc. Class A Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

Further Reading: Earnings Per Share (EPS) Explained