Federal-Mogul Corp. Now Covered by Analysts at FBR Capital Markets (FDML)
FBR Capital Markets assumed coverage on shares of Federal-Mogul Corp. (NASDAQ:FDML) in a research note issued on Friday, American Banking News reports. The firm set a “market perform” rating and a $25.00 price target on the stock. FBR Capital Markets’ price objective points to a potential upside of 25.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Federal-Mogul Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Thursday. Separately, analysts at Zacks downgraded shares of Federal-Mogul Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $22.30 price target on the stock. Finally, analysts at Zacks upgraded shares of Federal-Mogul Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 28th. They now have a $22.30 price target on the stock.
Federal-Mogul Corp. (NASDAQ:FDML) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems.
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