Dana Holding Rating Increased to Neutral at Zacks (DAN)
Dana Holding (NYSE:DAN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $24.70 target price on the stock. Zacks‘s target price points to a potential upside of 2.40% from the stock’s previous close.
Shares of Dana Holding (NYSE:DAN) traded up 1.45% during mid-day trading on Monday, hitting $24.47. 700,837 shares of the company’s stock traded hands. Dana Holding has a one year low of $18.06 and a one year high of $24.22. The stock’s 50-day moving average is $22.51 and its 200-day moving average is $21.30. The company’s market cap is $3.836 billion.
Dana Holding (NYSE:DAN) last announced its earnings results on Friday, April 25th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that Dana Holding will post $1.83 EPS for the current fiscal year.
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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dana Holding presently has an average rating of “Hold” and a consensus target price of $23.97.
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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