Zacks Downgrades Dana Holding to Underperform (DAN)
Dana Holding (NYSE:DAN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Friday. They currently have a $21.10 price objective on the stock. Zacks‘s price target would indicate a potential downside of 5.04% from the company’s current price.
A number of other analysts have also recently weighed in on DAN. Analysts at RBC Capital cut their price target on shares of Dana Holding from $28.00 to $27.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. 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 $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.57.
Shares of Dana Holding (NYSE:DAN) traded down 0.63% during mid-day trading on Friday, hitting $22.08. The stock had a trading volume of 524,940 shares. 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 $21.77 and its 200-day moving average is $20.73. The company’s market cap is $3.461 billion.
Dana Holding (NYSE:DAN) last announced its earnings results on Friday, April 25th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.28 earnings per share. Dana Holding’s revenue was up .7% compared to the same quarter last year. Analysts expect that Dana Holding will post $1.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, May 14th.
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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