Barclays Thinks Dana Holding’s Stock is Going to Recover


Barclays analyst Brian Johnson upgraded Dana Holding (NYSE: DAN) to Buy today. The company’s shares closed yesterday at $19.55, close to its 52-week low of $18.08.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 5.6% and a 54.8% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Arvinmeritor, Visteon Corp, and BorgWarner.

Currently, the analyst consensus on Dana Holding is a Moderate Buy with an average price target of $26.60, implying a 36.1% upside from current levels. In a report issued on July 13, RBC Capital also reiterated a Buy rating on the stock with a $30 price target.

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Based on Dana Holding’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.14 billion and net profit of $108 million. In comparison, last year the company earned revenue of $1.84 billion and had a net profit of $69 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

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Dana, Inc. engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies.

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