Barrington analyst Kevin Steinke maintained a Buy rating on Distribution Solutions Group (DSGR – Research Report) today and set a price target of $61.00. The company’s shares closed last Wednesday at $46.45.
According to TipRanks.com, Steinke is a 5-star analyst with an average return of 9.9% and a 48.8% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Heidrick & Struggles.
Currently, the analyst consensus on Distribution Solutions Group is a Moderate Buy with an average price target of $61.00.
Based on Distribution Solutions Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $118 million and net profit of $8.99 million. In comparison, last year the company earned revenue of $104 million and had a net profit of $3.6 million.
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Lawson Products, Inc. engages in distribution of maintenance and repair products to the industrial, commercial, institutional and government market. It operates through Lawson and Bolt segments. The Lawson segment focuses in the large network of sales representatives to visit the customer at the customers’ location and produce sales orders for product that is then shipped to the customer, and also provides vendor managed inventory (VMI) services. The Bolt segment sells product to customers when the customers visit one of Bolt’s 14 branch locations and the product is delivered to the customers at the point of sale. The company was founded by Sidney L. Port in 1952 and is headquartered in Chicago, IL.
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