CRT Capital lowered shares of Dana Holding Corp. (NYSE:DAN) from a buy rating to a fair value rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports.
Dana Holding Corp. (NYSE:DAN) traded down 1.33% on Wednesday, hitting $19.34. 4,235,402 shares of the company’s stock traded hands. Dana Holding Corp. has a 52-week low of $12.13 and a 52-week high of $22.79. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $20.28. The company has a market cap of $2.840 billion and a price-to-earnings ratio of 15.08.
Dana Holding Corp. (NYSE:DAN) last released its earnings data on Tuesday, October 29th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.07. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.37 earnings per share. Dana Holding Corp.’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Dana Holding Corp. will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 6th.
A number of other analysts have also recently weighed in on DAN. Analysts at KeyCorp downgraded shares of Dana Holding Corp. from a buy rating to a hold rating in a research note to investors on Wednesday. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Dana Holding Corp. from $24.00 to $25.00 in a research note to investors on Monday, October 21st. They now have a neutral rating on the stock. Finally, analysts at Barclays raised their price target on shares of Dana Holding Corp. from $24.00 to $26.00 in a research note to investors on Wednesday, October 16th. They now have an overweight rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $22.67.
Dana Holding Corporation is global provider of technology driveline, sealing and thermal-management products for vehicle manufacturer in the on-highway and off-highway markets.
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