Stock Rating Upgrade
In the last week the Value Trend Rating for Dorman Products Inc (NASDAQ: DORM) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/12/24, Dorman Products Inc (NASDAQ: DORM) stock declined by -2.3%, closing at $90.05. However, trading volume in this decline was exceptionally low at 43% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Dorman Products has a neutral Appreciation Score of 57 but a good Power Rating of 71, triggering the Positive Value Trend Rating.
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