Dana Incorporated (NYSE:DAN) Receives Average Rating of “Hold” from Brokerages
Shares of Dana Incorporated (NYSE:DAN) have been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.29.
DAN has been the topic of several recent analyst reports. Zacks Investment Research raised Dana from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. BidaskClub raised Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. Guggenheim initiated coverage on Dana in a report on Wednesday, June 21st. They issued a “buy” rating and a $27.00 price target on the stock. Finally, UBS AG cut Dana to a “neutral” rating in a report on Thursday.
In other news, SVP Rodney R. Filcek sold 10,000 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $20.35, for a total transaction of $203,500.00. Following the transaction, the senior vice president now directly owns 36,481 shares in the company, valued at approximately $742,388.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dwayne Matthews sold 6,667 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $20.13, for a total value of $134,206.71. Following the transaction, the insider now owns 49,422 shares in the company, valued at $994,864.86. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in DAN. Oregon Public Employees Retirement Fund raised its position in shares of Dana by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,335 shares of the auto parts company’s stock valued at $972,000 after buying an additional 700 shares during the period. Strs Ohio raised its position in Dana by 88.7% in the first quarter. Strs Ohio now owns 73,600 shares of the auto parts company’s stock valued at $1,421,000 after buying an additional 34,600 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Dana during the first quarter valued at about $391,000. CAPROCK Group Inc. bought a new position in Dana during the first quarter valued at about $316,000. Finally, James Investment Research Inc. bought a new position in Dana during the first quarter valued at about $1,981,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.
Dana (NYSE DAN) traded up 0.72% on Friday, reaching $23.72. The company’s stock had a trading volume of 1,857,485 shares. The firm has a market cap of $3.43 billion, a PE ratio of 5.17 and a beta of 1.49. Dana has a 52-week low of $10.54 and a 52-week high of $23.90. The stock’s 50 day moving average price is $21.23 and its 200 day moving average price is $19.75.
Dana (NYSE:DAN) last released its quarterly earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.25. Dana had a return on equity of 31.55% and a net margin of 11.02%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. Equities research analysts expect that Dana will post $1.96 earnings per share for the current fiscal year.
Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
Receive News & Ratings for Dana Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.