Last Updated: 19 Sep 2024
Executive Summary
Dorman Products Inc. (DORM) is a leading supplier of replacement parts and fasteners for the automotive aftermarket industry. The company has a strong financial performance with a market capitalization of $3.54 billion and an EBITDA of $382.6 million. The stock is currently trading at $115.76, which is below the analyst target price of $117.5.
Company Overview
Dorman Products Inc. was founded in 1918 and is headquartered in Colmar, Pennsylvania. The company has a global presence with operations in the United States, Canada, Mexico, Europe, the Middle East, and Australia. Dorman Products supplies replacement parts and fasteners for passenger cars, light trucks, and heavy-duty trucks.
Fundamental Analysis
Dorman Products Inc. has a strong financial performance. The company's revenue has grown by 4.7% over the past year to $1.95 billion. The company's net income has also grown by 7.5% to $273.1 million. Dorman Products has a strong balance sheet with $428.8 million in cash and equivalents and $1.1 billion in total assets. The company's debt-to-equity ratio is 0.44.
Technical Analysis
The stock price of Dorman Products Inc. has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 62, which indicates that the stock is overbought.
Short Term Outlook
The short-term outlook for Dorman Products Inc. is positive. The company's financial performance is strong, and the stock price is trending higher. The stock is currently trading below its analyst target price, which provides an opportunity for investors to buy the stock at a discount.
Long Term Outlook
The long-term outlook for Dorman Products Inc. is also positive. The company is a leader in the automotive aftermarket industry, and the demand for its products is expected to grow in the coming years. The company's strong financial performance and global presence position it well for continued growth.
Analyst Recommendations
The majority of analysts have a buy rating on Dorman Products Inc. The average analyst target price is $117.5, which represents a 1.5% upside from the current stock price.
