Dana Inc (NYSE:DAN) has earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.33.
DAN has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 target price on shares of Dana in a research report on Tuesday, July 17th. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research report on Monday, October 29th. Zacks Investment Research raised shares of Dana from a “strong sell” rating to a “hold” rating in a research report on Monday, July 23rd. Stephens reaffirmed a “hold” rating and issued a $23.00 target price on shares of Dana in a research report on Wednesday, August 1st. Finally, Bank of America cut shares of Dana from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Thursday, October 18th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC lifted its position in Dana by 0.9% during the 3rd quarter. Gabelli Funds LLC now owns 2,348,300 shares of the auto parts company’s stock valued at $43,843,000 after acquiring an additional 21,600 shares during the period. Comerica Bank lifted its position in Dana by 6.0% during the 3rd quarter. Comerica Bank now owns 699,075 shares of the auto parts company’s stock valued at $11,605,000 after acquiring an additional 39,606 shares during the period. Engineers Gate Manager LP lifted its position in Dana by 19.2% during the 3rd quarter. Engineers Gate Manager LP now owns 183,567 shares of the auto parts company’s stock valued at $3,427,000 after acquiring an additional 29,579 shares during the period. Signition LP purchased a new position in Dana during the 3rd quarter valued at about $227,000. Finally, Wedge Capital Management L L P NC lifted its position in Dana by 10.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 6,404,004 shares of the auto parts company’s stock valued at $119,563,000 after acquiring an additional 616,595 shares during the period. 93.04% of the stock is owned by institutional investors.
Dana stock traded down $0.04 during trading hours on Thursday, reaching $15.72. The stock had a trading volume of 3,541,835 shares, compared to its average volume of 2,200,095. The firm has a market cap of $2.27 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.88. Dana has a 52 week low of $13.76 and a 52 week high of $35.27. The company has a quick ratio of 1.05, a current ratio of 1.65 and a debt-to-equity ratio of 1.29.
Dana (NYSE:DAN) last posted its earnings results on Monday, October 29th. The auto parts company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dana had a net margin of 2.79% and a return on equity of 34.30%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $0.59 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Dana will post 2.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.54%. Dana’s dividend payout ratio (DPR) is currently 15.87%.
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 Driveline Technologies, and Power Technologies.
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