Stephens Begins Coverage on Dana Holding (DAN)
In other Dana Holding news, Director Mark A. Schulz unloaded 7,150 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $23.49, for a total value of $167,953.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Dana Holding (NYSE:DAN) opened at 22.95 on Friday. Dana Holding has a 52 week low of $18.06 and a 52 week high of $24.82. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $22.46. The company’s market cap is $3.572 billion.
Dana Holding (NYSE:DAN) last announced its earnings results on Thursday, July 24th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ 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 last 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. Investors 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 0.87%. The ex-dividend date is Wednesday, August 20th.
A number of other firms have also recently commented on DAN. 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $24.88.
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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