Press coverage about Dana (NYSE:DAN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dana earned a news impact score of 0.03 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 46.2100432485729 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern’s scoring:
Shares of Dana (NYSE:DAN) traded down $0.15 during mid-day trading on Wednesday, hitting $33.07. The company had a trading volume of 257,713 shares, compared to its average volume of 1,390,931. 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 has a twelve month low of $17.53 and a twelve month high of $35.27. The company has a market cap of $4,850.00, a P/E ratio of 7.01 and a beta of 1.67.
Dana announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 17th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several analysts have recently issued reports on the company. FBR & Co reissued a “neutral” rating and set a $25.00 target price (up from $17.00) on shares of Dana in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of Dana in a report on Friday, October 27th. Barclays set a $28.00 target price on Dana and gave the stock a “hold” rating in a report on Friday, October 20th. Guggenheim reissued a “buy” rating and set a $40.00 target price on shares of Dana in a report on Wednesday, January 10th. Finally, B. Riley reissued a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.50.
In related news, Director Virginia A. Kamsky sold 7,323 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.14, for a total transaction of $235,361.22. Following the completion of the sale, the director now directly owns 35,448 shares in the company, valued at approximately $1,139,298.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Dwayne Matthews sold 33,244 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $33.22, for a total value of $1,104,365.68. Following the completion of the transaction, the insider now owns 65,267 shares of the company’s stock, valued at $2,168,169.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,570 shares of company stock valued at $3,107,390. 1.60% of the stock is owned by corporate insiders.
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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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