Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Federal-Mogul Holdings Corp.’s rating score has improved by 57.1% from three months ago as a result of various analysts’ upgrades and downgrades.
Zacks has also given Federal-Mogul Holdings Corp. an industry rank of 35 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on FDML shares. Zacks Investment Research raised shares of Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Monday. FBR & Co lifted their price objective on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the company a “mkt perform” rating in a research note on Tuesday, June 21st.
A number of hedge funds have recently modified their holdings of the stock. KCG Holdings Inc. bought a new stake in shares of Federal-Mogul Holdings Corp. during the second quarter worth $104,000. Bayesian Capital Management LP bought a new stake in shares of Federal-Mogul Holdings Corp. during the first quarter worth $110,000. BlackRock Advisors LLC raised its stake in shares of Federal-Mogul Holdings Corp. by 2.4% in the second quarter. BlackRock Advisors LLC now owns 13,319 shares of the company’s stock worth $111,000 after buying an additional 309 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Federal-Mogul Holdings Corp. during the second quarter worth $123,000. Finally, BlackRock Group LTD raised its stake in shares of Federal-Mogul Holdings Corp. by 106.3% in the second quarter. BlackRock Group LTD now owns 17,808 shares of the company’s stock worth $148,000 after buying an additional 9,174 shares in the last quarter. Hedge funds and other institutional investors own 98.29% of the company’s stock.
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) opened at 9.41 on Friday. The firm’s 50 day moving average is $9.25 and its 200 day moving average is $8.96. Federal-Mogul Holdings Corp. has a 12 month low of $3.81 and a 12 month high of $10.00. The company’s market cap is $1.59 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $2 billion. Federal-Mogul Holdings Corp. had a negative net margin of 0.74% and a positive return on equity of 15.64%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. On average, equities analysts predict that Federal-Mogul Holdings Corp. will post $1.00 earnings per share for the current year.
Federal-Mogul Holdings Corp. Company Profile
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
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