Shares of Dana Inc (NYSE:DAN) have earned a consensus rating of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.13.
A number of analysts have recently commented on DAN shares. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Credit Suisse Group started coverage on Dana in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $22.00 target price on the stock. ValuEngine downgraded Dana from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. KeyCorp lowered their target price on Dana from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Bank of America upgraded Dana from a “neutral” rating to a “buy” rating in a research note on Friday, September 13th. They noted that the move was a valuation call.
In other Dana news, EVP Mark E. Wallace sold 44,570 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $13.41, for a total value of $597,683.70. Following the sale, the executive vice president now directly owns 145,431 shares in the company, valued at $1,950,229.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.
Dana stock traded up $0.17 during trading hours on Friday, hitting $14.37. 12,246 shares of the stock traded hands, compared to its average volume of 1,946,147. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.63 and a quick ratio of 1.01. The firm’s 50 day moving average price is $13.63 and its 200-day moving average price is $16.88. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 4.82, a P/E/G ratio of 1.46 and a beta of 2.25. Dana has a 1 year low of $11.57 and a 1 year high of $20.96.
Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Dana had a return on equity of 29.55% and a net margin of 2.67%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Dana will post 3.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, August 15th. Dana’s dividend payout ratio is presently 13.47%.
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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