Federal-Mogul Holdings Corp. (FDML) Stock Price Up 3.4%
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) rose 3.4% during trading on Wednesday . The company traded as high as $9.13 and last traded at $9.05, with a volume of 101,968 shares traded. The stock had previously closed at $8.75.
FDML has been the subject of a number of research reports. TheStreet upgraded Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, March 24th. FBR & Co raised 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 report on Tuesday, June 21st. Finally, Zacks Investment Research downgraded Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Federal-Mogul Holdings Corp. presently has an average rating of “Hold” and an average target price of $9.92.
The stock has a 50-day moving average price of $8.49 and a 200 day moving average price of $7.67. The company’s market capitalization is $1.49 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company earned $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $0.25 EPS. Federal-Mogul Holdings Corp.’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Federal-Mogul Holdings Corp. will post $1.10 earnings per share for the current year.
A hedge fund recently raised its stake in Federal-Mogul Holdings Corp. stock. Gabelli Funds LLC increased its position in shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,917,375 shares of the company’s stock after buying an additional 65,540 shares during the period. Gabelli Funds LLC owned about 1.13% of Federal-Mogul Holdings Corp. worth $13,134,000 at the end of the most recent reporting 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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