Dana Holding Corp. Upgraded to “Neutral” by Zacks (DAN)
Dana Holding Corp. (NYSE:DAN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a $21.20 price objective on the stock. Zacks‘ price objective indicates a potential upside of 2.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Dana Holding Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $25.00 price target on the stock, up previously from $22.00. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.56.
Shares of Dana Holding Corp. (NYSE:DAN) traded up 0.68% on Wednesday, hitting $20.80. 3,132,718 shares of the company’s stock traded hands. Dana Holding Corp. has a 1-year low of $15.41 and a 1-year high of $23.46. The stock’s 50-day moving average is $19.37 and its 200-day moving average is $20.89. The company has a market cap of $3.056 billion and a price-to-earnings ratio of 104.87.
Dana Holding Corp. (NYSE:DAN) last released its earnings data on Tuesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Dana Holding Corp. will post $1.72 EPS for the current fiscal year.
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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