Dana Holding Corp. (NYSE:DAN) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Dana (DAN) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.”
DAN has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Dana Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 5th. They now have a $18.40 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Dana Holding Corp. from $25.00 to $23.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Dana Holding Corp. from $26.00 to $22.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Dana Holding Corp. has an average rating of “Hold” and an average price target of $22.54.
Shares of Dana Holding Corp. (NYSE:DAN) traded down 0.36% on Friday, hitting $19.23. The stock had a trading volume of 321,687 shares. Dana Holding Corp. has a 52 week low of $13.62 and a 52 week high of $23.46. The stock has a 50-day moving average of $20.94 and a 200-day moving average of $20.57. The company has a market cap of $2.825 billion and a P/E ratio of 97.97.
Dana Holding Corp. (NYSE:DAN) last posted its quarterly earnings results 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. Analysts expect that Dana Holding Corp. will post $1.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 29th. Investors 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 1.04%. The ex-dividend date of this dividend is Wednesday, November 6th.
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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