Dana Holding Corp. (DAN) Stock Price Up 5.2%
Dana Holding Corp. (NYSE:DAN) rose 5.2% during trading on Friday . The company traded as high as $10.90 and last traded at $10.88, with a volume of 739,009 shares. The stock had previously closed at $10.34.
DAN has been the topic of a number of recent analyst reports. FBR & Co restated a “buy” rating and set a $18.00 target price (up previously from $17.00) on shares of Dana Holding Corp. in a research note on Tuesday, April 19th. Zacks Investment Research raised shares of Dana Holding Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Finally, Royal Bank Of Canada increased their price objective on shares of Dana Holding Corp. from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.00.
The firm’s 50-day moving average price is $11.55 and its 200-day moving average price is $12.44. The firm has a market capitalization of $1.60 billion and a PE ratio of 11.97.
Dana Holding Corp. (NYSE:DAN) last issued its earnings results on Thursday, April 21st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. The company earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The firm’s revenue was down 9.9% compared to the same quarter last year. On average, equities research analysts predict that Dana Holding Corp. will post $1.62 EPS for the current year.
Other large investors have recently modified their holdings of the company. OppenheimerFunds Inc. raised its stake in shares of Dana Holding Corp. by 3.6% in the fourth quarter. OppenheimerFunds Inc. now owns 6,043,702 shares of the company’s stock worth $83,403,000 after buying an additional 208,758 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Dana Holding Corp. by 1.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 5,049,939 shares of the company’s stock worth $69,689,000 after buying an additional 59,765 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Dana Holding Corp. by 12.3% in the fourth quarter. Pzena Investment Management LLC now owns 4,630,966 shares of the company’s stock worth $63,907,000 after buying an additional 508,212 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dana Holding Corp. by 15.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,116,127 shares of the company’s stock worth $29,205,000 after buying an additional 279,672 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Dana Holding Corp. during the fourth quarter worth about $8,624,000.
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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