The leading market experts have placed a mean price target of $61.88 on Dorman Products, Inc. (NASDAQ:DORM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.71 a share for the upcoming quarter and $2.99 for the current fiscal.
The technical analysis of Dorman Products, Inc. plainly substantiates that the 50-day moving average of Dorman Products, Inc. is $61.48, and stock is trading $2.61 points away or +4.24% from its 50-day moving average of $61.48. Further it is trading $8.71 or +15.73% away its 200-day moving average of $55.38. Dorman Products, Inc. (NASDAQ:DORM) 52-week high is $65.06 and the 52-week low is $40.17.
This explains if the stock moves $-0.97, it will post a 52-week high. In event of +59.55% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Dorman Products, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Dorman Products, Inc. (NASDAQ:DORM) ratio came in at 22.82.
The stock last ended the trading session at $64.09 and registered a market cap of $2.21B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Dorman Products, Inc. (NASDAQ:DORM) PEG ratio is at 1.41.
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