Shares of Dana Inc (NYSE:DAN) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.13.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Dana from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. UBS Group reduced their price objective on Dana from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Barclays reduced their price objective on Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Credit Suisse Group assumed coverage on Dana in a research report on Wednesday, June 26th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, KeyCorp reduced their price objective on Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th.
Shares of DAN stock traded down $0.09 on Thursday, hitting $15.21. 28,943 shares of the stock were exchanged, compared to its average volume of 1,365,333. The company has a current ratio of 1.63, a quick ratio of 1.01 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.12 billion, a P/E ratio of 5.13, a price-to-earnings-growth ratio of 1.46 and a beta of 2.22. The business has a 50-day moving average of $14.06 and a 200 day moving average of $16.46. Dana has a fifty-two week low of $11.57 and a fifty-two week high of $20.96.
Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.35 billion. Dana had a return on equity of 29.55% and a net margin of 2.67%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, research analysts forecast that Dana will post 3.16 EPS for the current fiscal year.
In related news, EVP Mark E. Wallace sold 44,570 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the transaction, the executive vice president now directly owns 145,431 shares of the company’s stock, valued at $1,950,229.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Resources Investment Advisors LLC. raised its stake in Dana by 345.5% in the second quarter. Resources Investment Advisors LLC. now owns 2,254 shares of the auto parts company’s stock valued at $45,000 after buying an additional 1,748 shares during the period. Advisory Services Network LLC raised its stake in Dana by 357.8% in the second quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,782 shares during the period. Allred Capital Management LLC bought a new stake in Dana in the third quarter valued at approximately $140,000. ARP Americas LP bought a new stake in Dana in the second quarter valued at approximately $203,000. Finally, Atria Investments LLC bought a new stake in Dana in the second quarter valued at approximately $239,000. 95.04% of the stock is owned by hedge funds and other institutional investors.
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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