In a report released today, Kevin Steinke from Barrington reiterated a Buy rating on Distribution Solutions Group (DSGR – Research Report), with a price target of $61.00. The company’s shares closed last Friday at $45.46.
Steinke covers the Services sector, focusing on stocks such as Cimpress, Cra International, and Cross Country Healthcare. According to TipRanks, Steinke has an average return of 11.5% and a 53.77% success rate on recommended stocks.
Distribution Solutions Group has an analyst consensus of Moderate Buy, with a price target consensus of $61.00.
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The company has a one-year high of $55.96 and a one-year low of $25.66. Currently, Distribution Solutions Group has an average volume of 23.38K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DSGR in relation to earlier this year. Most recently, in January 2023, Pufpaf Richard D, the SVP & GC of DSGR bought 697.00 shares for a total of $25,691.42.
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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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