Federal-Mogul Holdings Corp. (FDML) Stock Price Down 2.2%
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) dropped 2.2% during trading on Monday . The company traded as low as $9.00 and last traded at $9.09, with a volume of 88,943 shares. The stock had previously closed at $9.29.
FDML has been the topic of a number of research analyst reports. FBR & Co boosted their target price 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. 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.92.
The company’s market cap is $1.55 billion. The stock’s 50 day moving average is $8.99 and its 200 day moving average is $8.55.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last posted 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. During the same quarter in the prior year, the company posted $0.35 EPS. The company earned $1.92 billion during the quarter, compared to analysts’ expectations of $2 billion. Federal-Mogul Holdings Corp.’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Federal-Mogul Holdings Corp. will post $1.03 EPS for the current fiscal 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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