Dana (NYSE:DAN – Free Report) had its price target hoisted by Wells Fargo & Company from $19.00 to $22.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.
Several other research firms have also issued reports on DAN. Royal Bank Of Canada boosted their price target on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Barclays reiterated an “overweight” rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Cfra Research upgraded shares of Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price target on shares of Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Finally, UBS Group reissued a “buy” rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.
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Dana Stock Down 0.7%
Shares of DAN stock opened at $19.69 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. Dana has a 12 month low of $7.58 and a 12 month high of $21.40. The stock has a market cap of $2.58 billion, a P/E ratio of -123.06, a P/E/G ratio of 1.84 and a beta of 2.12. The company has a 50 day simple moving average of $18.81 and a two-hundred day simple moving average of $16.35.
Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.55 billion. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, research analysts expect that Dana will post 1.5 earnings per share for the current year.
Dana Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 8th. Dana’s dividend payout ratio (DPR) is presently -250.00%.
Insider Transactions at Dana
In other news, CAO James D. Kellett sold 11,728 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
Hedge Funds Weigh In On Dana
Institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury raised its holdings in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 5,405 shares in the last quarter. Captrust Financial Advisors bought a new stake in Dana in the second quarter worth $176,000. Loomis Sayles & Co. L P increased its position in Dana by 4.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after purchasing an additional 44,010 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after purchasing an additional 11,711 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after purchasing an additional 8,787 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Dana Company Profile
(Get Free Report)
Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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Dana (NYSE:DAN) Price Target Raised to $22.00
