Dana Holding PT Lowered to $27.00 (DAN)
Equities research analysts at RBC Capital lowered their price target on shares of Dana Holding (NYSE:DAN) from $28.00 to $27.00 in a research note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 28.33% from the company’s current price.
Dana Holding (NYSE:DAN) traded down 0.89% during mid-day trading on Monday, hitting $21.04. 3,523,050 shares of the company’s stock traded hands. Dana Holding has a one year low of $16.60 and a one year high of $23.63. The stock has a 50-day moving average of $22.43 and a 200-day moving average of $20.70. The company’s market cap is $3.115 billion.
Dana Holding (NYSE:DAN) last announced its 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.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Dana Holding in a research note on Tuesday, April 22nd. They now have a $25.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dana Holding currently has an average rating of “Hold” and a consensus 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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