Dana Inc (DAN) Given Average Recommendation of “Hold” by Analysts

Dana Inc (NYSE:DAN) has been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.11.

Several research analysts recently commented on the company. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Deutsche Bank lifted their price target on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. B. Riley reiterated a “neutral” rating on shares of Dana in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating on shares of Dana in a research report on Friday, October 27th. Finally, Barclays lifted their price target on Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th.

In other Dana news, insider Dwayne Matthews sold 17,543 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $29.60, for a total value of $519,272.80. Following the completion of the sale, the insider now owns 76,402 shares of the company’s stock, valued at $2,261,499.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Terrence J. Keating sold 2,321 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total transaction of $68,748.02. Following the completion of the sale, the director now directly owns 52,140 shares of the company’s stock, valued at approximately $1,544,386.80. The disclosure for this sale can be found here. In the last three months, insiders sold 124,085 shares of company stock valued at $3,776,775. 1.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dana by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 60 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Dana by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 115,927 shares of the auto parts company’s stock valued at $2,589,000 after acquiring an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dana by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after acquiring an additional 520 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Dana by 2.9% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 25,532 shares of the auto parts company’s stock valued at $270,000 after acquiring an additional 713 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Dana by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 56,136 shares of the auto parts company’s stock valued at $1,254,000 after acquiring an additional 805 shares in the last quarter. 96.46% of the stock is owned by hedge funds and other institutional investors.

Dana (NYSE:DAN) traded up $1.14 on Friday, reaching $33.30. The company had a trading volume of 2,139,900 shares, compared to its average volume of 2,079,200. The stock has a market capitalization of $4,940.00, a price-to-earnings ratio of 6.98 and a beta of 1.67. Dana has a 12 month low of $17.53 and a 12 month high of $33.45. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. analysts predict that Dana will post 2.45 earnings per share for the current year.

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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.

Analyst Recommendations for Dana (NYSE:DAN)

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