Dana Holding Corp. (DAN) Trading Up 5.2%
Dana Holding Corp. (NYSE:DAN) was up 5.2% on Friday . The stock traded as high as $10.90 and last traded at $10.88, with a volume of 739,009 shares traded. The stock had previously closed at $10.34.
Several equities research analysts have recently weighed in on DAN shares. Royal Bank Of Canada raised their price objective on Dana Holding Corp. from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, March 28th. Zacks Investment Research lowered Dana Holding Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, FBR & Co reissued a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Dana Holding Corp. in a research note on Tuesday, April 19th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dana Holding Corp. has a consensus rating of “Hold” and a consensus target price of $18.00.
The stock has a 50 day moving average of $11.57 and a 200 day moving average of $12.45. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 11.97.
Dana Holding Corp. (NYSE:DAN) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.08. During the same period in the previous year, the business earned $0.50 EPS. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dana Holding Corp.’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts predict that Dana Holding Corp. will post $1.62 EPS for the current year.
Other hedge funds have added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in Dana Holding Corp. by 2.6% in the fourth quarter. California Public Employees Retirement System now owns 507,609 shares of the company’s stock worth $7,005,000 after buying an additional 13,100 shares in the last quarter. CNA Financial Corp raised its stake in Dana Holding Corp. by 8.4% in the fourth quarter. CNA Financial Corp now owns 92,624 shares of the company’s stock worth $1,278,000 after buying an additional 7,150 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in Dana Holding Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 103,309 shares of the company’s stock worth $1,425,000 after buying an additional 35,046 shares in the last quarter. Russell Frank Co raised its stake in Dana Holding Corp. by 39.0% in the fourth quarter. Russell Frank Co now owns 423,411 shares of the company’s stock worth $5,978,000 after buying an additional 118,756 shares in the last quarter. Finally, Comerica Bank raised its stake in Dana Holding Corp. by 4.2% in the fourth quarter. Comerica Bank now owns 364,799 shares of the company’s stock worth $4,534,000 after buying an additional 14,742 shares in the last quarter.
Dana Holding Corporation is a global provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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