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Dana Holding (DAN) Initiated with a Hold at BNP Paribas

Dana Holding (DANResearch Report) received a Hold rating from BNP Paribas analyst Exane BNP Paribas yesterday. The company’s shares closed last Monday at $15.22, close to its 52-week low of $14.44.

Currently, the analyst consensus on Dana Holding is a Strong Buy with an average price target of $23.14, representing a 54.7% upside. In a report issued on April 7, Barclays also downgraded the stock to Hold with a $18.00 price target.

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Based on Dana Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.27 billion and net profit of $25 million. In comparison, last year the company earned revenue of $2.11 billion and had a net profit of $40 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DAN in relation to earlier this year.

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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. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks. The Commercial Vehicle segment comprises of drivetrain and tire-pressure management systems, as well as genuine service parts, for medium and heavy-duty commercial vehicles. The Off-Highway segment offers drivetrain systems and individual product solutions under Spicer brand, and motion systems for associated machine working functions and stationary industrial equipment under Brevini brand. The Power Technologies segment consists of sealing solutions and thermal management technologies for reducing fuel consumption and emissions. The company was founded by Clarence W. Spicer on April 1, 1904 and is headquartered in Maumee, OH.

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