Dana Holding Given Consensus Recommendation of “Hold” by Analysts (NYSE:DAN)
Dana Holding (NYSE:DAN) has received an average recommendation of “Hold” from the eleven analysts that are presently covering the company, Analyst Ratings Network.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.88.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Dana Holding in a research note on Friday, July 25th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Dana Holding in a research note on Friday, July 25th. They now have a $26.00 price target on the stock, up previously from $24.00. Finally, analysts at Goldman Sachs downgraded shares of Dana Holding from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $27.00 price target on the stock, down previously from $28.00. They noted that the move was a valuation call.
Dana Holding (NYSE:DAN) opened at 23.83 on Wednesday. Dana Holding has a 52-week low of $18.06 and a 52-week high of $24.82. The stock’s 50-day moving average is $23.33 and its 200-day moving average is $22.28. The company’s market cap is $3.708 billion.
Dana Holding (NYSE:DAN) last released its earnings data on Thursday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Dana Holding’s revenue was down 5.0% compared to the same quarter last year. Analysts expect that Dana Holding will post $1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, August 20th.
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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