Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Hold” by Brokerages
Shares of Dana Incorporated (NYSE:DAN) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $23.50.
A number of equities analysts recently commented on the company. Buckingham Research lifted their price target on Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. CLSA assumed coverage on Dana in a report on Thursday, June 22nd. They set a “buy” rating and a $27.00 price target for the company. Susquehanna Bancshares Inc cut Dana from a “neutral” rating to a “negative” rating and set a $19.00 price target for the company. in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, July 27th.
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Dana (DAN) traded up 0.94% on Tuesday, reaching $24.62. 1,293,283 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $22.79 and a 200 day moving average price of $20.41. The firm has a market cap of $3.56 billion, a PE ratio of 5.22 and a beta of 1.49. Dana has a one year low of $13.05 and a one year high of $25.10.
Dana (NYSE:DAN) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.17. Dana had a return on equity of 30.79% and a net margin of 10.80%. The business had revenue of $18.40 million during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $0.53 earnings per share. Dana’s quarterly revenue was down 98.8% on a year-over-year basis. On average, equities analysts anticipate that Dana will post $2.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s dividend payout ratio is presently 5.10%.
Several large investors have recently modified their holdings of DAN. Strs Ohio raised its position in shares of 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. BNP Paribas Arbitrage SA raised its position in shares of Dana by 620.1% in the first quarter. BNP Paribas Arbitrage SA now owns 381,384 shares of the auto parts company’s stock valued at $7,365,000 after buying an additional 328,425 shares during the last quarter. TFS Capital LLC purchased a new position in shares of Dana during the first quarter valued at $1,219,000. Louisiana State Employees Retirement System raised its position in shares of Dana by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 36,400 shares of the auto parts company’s stock valued at $703,000 after buying an additional 800 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Dana by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 244,585 shares of the auto parts company’s stock valued at $4,642,000 after buying an additional 5,623 shares during the period. Institutional investors own 97.01% of the company’s stock.
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.
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