Federal-Mogul Holdings Corp. (FDML) Stock Price Down 1.8%
Federal-Mogul Holdings Corp. (NASDAQ:FDML)’s share price was down 1.8% on Wednesday . The company traded as low as $8.46 and last traded at $8.59, with a volume of 113,955 shares. The stock had previously closed at $8.75.
A number of equities analysts recently weighed in on FDML shares. Zacks Investment Research cut 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 target 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. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.92.
The firm’s 50-day moving average is $8.68 and its 200-day moving average is $7.91. The firm’s market cap is $1.47 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by $0.04. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The business’s revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that Federal-Mogul Holdings Corp. will post $1.03 earnings per share for the current year.
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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