Shares of Dana Inc (NYSE:DAN) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.00.
Several research firms recently weighed in on DAN. KeyCorp cut their price objective on shares of Dana from $18.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. JPMorgan Chase & Co. boosted their target price on Dana from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, June 19th. Credit Suisse Group upped their price objective on Dana from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Royal Bank of Canada downgraded Dana from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 16th. Finally, Zacks Investment Research raised Dana from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th.
A number of large investors have recently added to or reduced their stakes in DAN. Signaturefd LLC increased its stake in Dana by 3,775.3% in the 1st quarter. Signaturefd LLC now owns 3,759 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 3,662 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Dana by 311.5% during the first quarter. Nisa Investment Advisors LLC now owns 4,280 shares of the auto parts company’s stock valued at $33,000 after buying an additional 3,240 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dana by 22.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,258 shares of the auto parts company’s stock valued at $88,000 after buying an additional 2,051 shares during the period. Verity Asset Management Inc. purchased a new position in shares of Dana during the first quarter valued at approximately $89,000. Finally, Opes Wealth Management LLC purchased a new position in shares of Dana during the first quarter valued at approximately $90,000. Institutional investors own 94.16% of the company’s stock.
Shares of Dana stock traded up $1.27 during trading on Tuesday, reaching $12.25. The company’s stock had a trading volume of 2,006,100 shares, compared to its average volume of 1,947,326. The business’s 50-day moving average price is $12.16 and its 200-day moving average price is $13.10. The firm has a market cap of $1.59 billion, a PE ratio of 10.75, a P/E/G ratio of 4.57 and a beta of 2.61. Dana has a 52 week low of $4.22 and a 52 week high of $20.71. The company has a quick ratio of 1.01, a current ratio of 1.60 and a debt-to-equity ratio of 1.33.
Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, April 30th. The auto parts company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.17. Dana had a net margin of 1.98% and a return on equity of 21.22%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Dana’s revenue was down 10.8% compared to the same quarter last year. Equities analysts predict that Dana will post 0.44 earnings per share for the current year.
Dana Company Profile
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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