Federal-Mogul Holdings Corp (FDML) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 8

Federal-Mogul Holdings Corp (FDML) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $7 . FBR Capital advised their investors in a research report released on Jun 21, 2016.

On the company’s financial health, Federal-Mogul Holdings Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $1897.00 million for the quarter, compared to analysts expectations of $1890.55 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Federal-Mogul Holdings Corp opened for trading at $8.48 and hit $8.92 on the upside on Monday, eventually ending the session at $8.48, with a gain of 3.99% or 0.325 points. The heightened volatility saw the trading volume jump to 1,86,350 shares. Company has a market cap of $1,433 M.

Federal-Mogul Holdings Corporation (Federal-Mogul) 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 operates in two segments: Powertrain segment and Motorparts segment. The Powertrain segment focuses on original equipment products for automotive heavy duty and industrial applications. The Motorparts segment sells and distributes a portfolio of products in the global aftermarket while also serving original equipment manufacturers with products including braking chassis wipers and other vehicle components. The Company serves the 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.

Federal-Mogul Holdings Corp

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