Dana Holding Corp. Price Target Increased to $24.00 by Analysts at Jefferies Group (DAN)
Jefferies Group increased their price target on shares of Dana Holding Corp. (NYSE:DAN) to $24.00 in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 14.61% from the company’s current price.
Dana Holding Corp. (NYSE:DAN) traded down 0.20% during mid-day trading on Friday, hitting $20.8975. 1,765,259 shares of the company’s stock traded hands. Dana Holding Corp. has a 52-week low of $15.41 and a 52-week high of $23.46. The stock has a 50-day moving average of $19.46 and a 200-day moving average of $20.89. The company has a market cap of $3.070 billion and a P/E ratio of 106.29.
Dana Holding Corp. (NYSE:DAN) last posted its quarterly 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.
A number of other analysts have also recently weighed in on DAN. Analysts at Zacks upgraded shares of Dana Holding Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $21.20 price target on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.65.
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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