Dana Holding Stock Rating Reaffirmed by JPMorgan Chase & Co. (DAN)
Dana Holding (NYSE:DAN)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday, American Banking & Market News reports. They currently have a $24.00 price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 14.07% from the stock’s previous close.
Dana Holding (NYSE:DAN) opened at 21.04 on Tuesday. Dana Holding has a 1-year low of $16.60 and a 1-year high of $23.63. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $20.70. The company’s market cap is $3.115 billion.
Dana Holding (NYSE:DAN) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Dana Holding will post $1.91 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Dana Holding from $27.00 to $28.00 in a research note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dana Holding presently has an average rating of “Hold” and an average price target of $23.29.
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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