In a report issued on July 13, Joseph Spak from RBC Capital reiterated a Buy rating on Dana Holding (NYSE: DAN), with a price target of $30. The company’s shares closed yesterday at $21.01, close to its 52-week low of $19.47.
According to TipRanks.com, Spak is a 5-star analyst with an average return of 11.5% and a 61.7% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Arvinmeritor, and Adient plc.
Dana Holding has an analyst consensus of Hold, with a price target consensus of $28.33.
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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.
