Dana Holding Corporation (DAN) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 14

Dana Holding Corporation (DAN) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $11 . RBC Capital Mkts advised their investors in a research report released on Jul 22, 2016.

On the company’s financial health, Dana Holding Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.46. The company had revenue of $1546.00 million for the quarter, compared to analysts expectations of $1513.75 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Dana Holding Corporation closed down -0.19 points or -1.64% at $11.38 with 1,20,88,934 shares getting traded on Wednesday. Post opening the session at $11.55, the shares hit an intraday low of $11.235 and an intraday high of $11.62 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 13, 2015, Rodney R Filcek (SVP & Chief Acctg Offic) sold 4,000 shares at $22.06 per share price. According to the SEC, on Apr 28, 2015, Aziz Aghili (Pres Off-Hwy Technologies) purchased 5,500 shares at $21.74 per share price. On Feb 4, 2015, Mark A Schulz (director) sold 5,000 shares at $22.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Light Vehicle segment products include front axles rear axles drive shafts and differentials among others. The Commercial Vehicle segment products include steer axles drive axles drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles rear axles drive shafts and transmissions among others. The Power Technologies segment products include gaskets cover modules heat shields engine sealing systems cooling and heat transfer products.

Dana Holding Corporation

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