Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.000 on Dana Holding Corporation (NYSE:DAN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.630 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Dana Holding Corporation (NYSE:DAN) stands at 12.878. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Dana Holding Corporation Common, the PEG ratio for coming 3-5 years is 2.460. Technical Analysis The technical analysis highlights that Dana Holding Corporation Common current price is trading $-0.527 points away -4.324% from $12.182, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $12.885 and, for now, the stock price is trading $-1.230 or -9.545% away from that point. The 52-week high of Dana Holding Corporation (NYSE:DAN) was $22.050 while lowest point recorded in 52-week was $10.620. It implies if stock price makes a movement of over $-10.395, it will record a new 52-week high. In the case of $+9.746% points drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know