Barclays Upgrades Dana Holding Corporation to Overweight with Price Target $20.00

Brokerage firm Barclays Upgrades its rating on Dana Holding Corporation(NYSE:DAN). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Sep 16, 2016.

Dana Holding Corporation (DAN) made into the market gainers list on Thursdays trading session with the shares advancing 1.84% or 0.28 points. Due to strong positive momentum, the stock ended at $15.5, which is also near the day’s high of $15.61. The stock began the session at $15.51 and the volume stood at 11,78,909 shares. The 52-week high of the shares is $18.12 and the 52 week low is $9.8. The company has a current market capitalization of $2,228 M and it has 14,37,32,970 shares in outstanding.

Dana Holding Corporation(DAN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.55B. Analysts had an estimated revenue of $1.52B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, Mark A Schulz (director) sold 10,201 shares at $14.60 per share price.Also, On May 13, 2015, Rodney R Filcek (SVP & Chief Acctg Offic) sold 4,000 shares at $22.06 per share price.On Apr 28, 2015, Aziz Aghili (Pres Off-Hwy Technologies) purchased 5,500 shares at $21.74 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.

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