Federal-Mogul Holdings Corp. (FDML) Trading Up 6%
Federal-Mogul Holdings Corp. (NASDAQ:FDML)’s share price was up 6% during mid-day trading on Tuesday . The stock traded as high as $9.25 and last traded at $9.25, with a volume of 121,379 shares trading hands. The stock had previously closed at $8.73.
A number of research firms recently weighed in on FDML. Zacks Investment Research cut Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. TheStreet raised Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a report on Thursday, March 24th. Finally, FBR & Co upped their price target on Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a “mkt perform” rating in a report on Tuesday, June 21st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Federal-Mogul Holdings Corp. currently has an average rating of “Hold” and a consensus target price of $9.92.
The company has a 50 day moving average of $8.43 and a 200-day moving average of $7.59. The stock’s market capitalization is $1.58 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. During the same period in the previous year, the business posted $0.25 EPS. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Federal-Mogul Holdings Corp. will post $1.10 earnings per share for the current year.
Several institutional investors have recently modified their holdings of FDML. Barrow Hanley Mewhinney & Strauss LLC raised its position in Federal-Mogul Holdings Corp. by 52.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 244,555 shares of the company’s stock worth $1,676,000 after buying an additional 84,555 shares in the last quarter. Morgan Stanley raised its position in Federal-Mogul Holdings Corp. by 21.4% in the fourth quarter. Morgan Stanley now owns 243,531 shares of the company’s stock worth $1,668,000 after buying an additional 42,882 shares in the last quarter. Teton Advisors Inc. raised its position in Federal-Mogul Holdings Corp. by 2.9% in the fourth quarter. Teton Advisors Inc. now owns 280,047 shares of the company’s stock worth $1,918,000 after buying an additional 8,000 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in Federal-Mogul Holdings Corp. by 3.5% in the fourth quarter. Gabelli Funds LLC now owns 1,917,375 shares of the company’s stock worth $13,134,000 after buying an additional 65,540 shares in the last quarter.
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
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