Dana (NYSE:DAN) PT Lowered to $20.00 at KeyCorp

Dana (NYSE:DAN) had its target price decreased by KeyCorp from $22.00 to $20.00 in a research report released on Thursday, BenzingaRatingsTable reports. KeyCorp currently has an overweight rating on the auto parts company’s stock. KeyCorp also issued estimates for Dana’s Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $3.05 EPS and FY2020 earnings at $3.20 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Dana from a sell rating to a hold rating in a research report on Monday, August 12th. Credit Suisse Group started coverage on shares of Dana in a research report on Wednesday, June 26th. They set an outperform rating and a $22.00 price target for the company. ValuEngine cut shares of Dana from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, TheStreet cut shares of Dana from a b- rating to a c+ rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $21.10.

Shares of DAN opened at $15.23 on Thursday. Dana has a 1-year low of $11.57 and a 1-year high of $21.17. The stock has a market cap of $2.07 billion, a PE ratio of 5.13, a P/E/G ratio of 1.26 and a beta of 2.25. The firm has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $17.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.63 and a quick ratio of 1.01.



Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Dana had a net margin of 2.67% and a return on equity of 29.55%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Dana’s revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Dana will post 3.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Thursday, August 15th. Dana’s dividend payout ratio (DPR) is currently 13.47%.

In related news, EVP Mark E. Wallace sold 44,570 shares of Dana stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total value of $597,683.70. Following the completion of the transaction, the executive vice president now owns 145,431 shares in the company, valued at $1,950,229.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Several hedge funds have recently made changes to their positions in DAN. Resources Investment Advisors LLC. grew its holdings in shares of Dana by 345.5% in the second quarter. Resources Investment Advisors LLC. now owns 2,254 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 1,748 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Dana by 357.8% in the second quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 1,782 shares in the last quarter. ARP Americas LP acquired a new position in shares of Dana in the second quarter valued at approximately $203,000. Magnus Financial Group LLC grew its holdings in shares of Dana by 9.3% in the first quarter. Magnus Financial Group LLC now owns 13,259 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Dana in the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

About Dana

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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Analyst Recommendations for Dana (NYSE:DAN)

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