Federal-Mogul Holdings Corp. (FDML) Stock Price Down 4.7%
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) fell 4.7% during trading on Tuesday . The company traded as low as $8.74 and last traded at $8.74, with a volume of 68,196 shares trading hands. The stock had previously closed at $9.17.
A number of brokerages have recently commented on FDML. Zacks Investment Research lowered Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. FBR & Co lifted their price objective on Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, June 21st. Finally, TheStreet raised Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Federal-Mogul Holdings Corp. presently has an average rating of “Hold” and a consensus price target of $9.92.
The company has a 50-day moving average price of $8.46 and a 200-day moving average price of $7.65. The company’s market cap is $1.48 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Federal-Mogul Holdings Corp.’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. On average, equities research analysts predict that Federal-Mogul Holdings Corp. will post $1.10 EPS for the current year.
Other institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Federal-Mogul Holdings Corp. by 21.4% in the fourth quarter. Morgan Stanley now owns 243,531 shares of the company’s stock valued at $1,668,000 after buying an additional 42,882 shares during the period. Gabelli Funds LLC raised its position in shares of 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 valued at $13,134,000 after buying an additional 65,540 shares during the period. Finally, Teton Advisors Inc. raised its position in shares of Federal-Mogul Holdings Corp. by 2.9% in the fourth quarter. Teton Advisors Inc. now owns 280,047 shares of the company’s stock valued at $1,918,000 after buying an additional 8,000 shares during the period.
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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