According to The Fly, rBC Capital analyst Joseph Spak reiterated a Buy rating on Dana Holding (NYSE: DAN) yesterday and set a price target of $21. The company’s shares closed yesterday at $14.43, close to its 52-week low of $14.18.
According to TipRanks.com, Spak is a 4-star analyst with an average return of 6.8% and a 54.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Visteon Corp, and Veoneer Inc.
Currently, the analyst consensus on Dana Holding is a Moderate Buy with an average price target of $23.33, a 61.7% upside from current levels. In a report issued on October 19, J.P. Morgan also upgraded the stock to Buy with a $24 price target.
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Based on Dana Holding’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.05 billion and net profit of $124 million. In comparison, last year the company earned revenue of $1.83 billion and had a net profit of $68 million.
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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.
