Texas (Mar. 30, 2013) Wax Ink has issued a Continued Investment Interest rating for Dorman Products, Inc. (Nasdaq: DORM) based on a recent baseline equity review which placed fair value between $36-$42.
The recent close of $37.21 is approximately 73% above the fair value buy target for the stock and approximately 16% below the fair value close target for the stock. The recent close is also 9% below analysts' $41.00 median target for the stock.
The stock currently has a trailing twelve month PE Ratio of 18, and a PEG Ratio of 1.1 basis estimated forward earnings growth of 17%.
In the past 52 weeks, share prices have moved between a high of $38.45 and a low of $21.94. With the recent close, the stock is trading 3% below the 52 week high and 41% above the 52 week low.
Dorman Products, Inc. is an aftermarket supplier of auto parts and fasteners.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink currently has a long position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in DORM over the next 72 hours.