Goldman Sachs Group Inc. Upgrades Dana Holding Corp. to “Buy” (DAN)
Dana Holding Corp. (NYSE:DAN) was upgraded by investment analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $25.00 price objective on the stock, up from their previous price objective of $22.00. Goldman Sachs Group Inc.’s price objective points to a potential upside of 25.63% from the company’s current price.
Shares of Dana Holding Corp. (NYSE:DAN) traded up 0.15% during mid-day trading on Thursday, hitting $19.90. The stock had a trading volume of 17,366,076 shares. Dana Holding Corp. has a 52-week low of $15.17 and a 52-week high of $23.46. The stock has a 50-day moving average of $19.30 and a 200-day moving average of $20.81. The company has a market cap of $2.923 billion and a P/E ratio of 100.86.
Dana Holding Corp. (NYSE:DAN) last announced its earnings results on Tuesday, October 29th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.07. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.37 earnings per share. Dana Holding Corp.’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Dana Holding Corp. will post $1.72 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Dana Holding Corp. from $23.00 to $21.00 in a research note to investors on Tuesday, December 17th. Separately, analysts at UBS AG downgraded shares of Dana Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, December 6th. They now have a $20.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of Dana Holding Corp. in a research note to investors on Tuesday, December 3rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.31.
Dana Holding Corporation is global provider of technology driveline, sealing and thermal-management products for vehicle manufacturer in the on-highway and off-highway markets.
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