Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Dorman Products Inc (NASDAQ: DORM) improved recently. DORM’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Dorman Products Inc (NASDAQ: DORM) stock enjoyed a large increase of 3.3% on 11/8/24. The stock closed at $137.76. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 20.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DORM is expected to continue to be a Value Builder.
Dorman Products has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dorman Products has a neutral Appreciation Score of 48 but a very high Power Rating of 86, leading to the Positive Value Trend Rating.
Be the first to comment