BB&T Upgrades Dorman Products to Buy (DORM)

By admin | 6 years ago

Dorman Products (NASDAQ: DORM) was upgraded by investment analysts at BB&T (NYSE: BBT) from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Shares of Dorman Products traded up 2.94% during mid-day trading on Friday, hitting $48.04. Dorman Products has a one year low of $26.57 and a one year high of $51.34. The company has a market cap of $868.9 million and a P/E ratio of 15.05.

Dorman Products last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. Dorman Products’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Dorman Products will post $0.93 earnings per share next quarter.

Dorman Products, Inc. (Dorman) is a supplier of automotive replacement parts and fasteners and service line products primarily for the automotive aftermarket.

About the author