Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of Dana from an “outperform” rating to a “sector perform” rating in a report on Monday, March 16th. KeyCorp decreased their price target on shares of Dana from $18.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. increased their price objective on Dana from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, June 19th. Credit Suisse Group raised their price objective on Dana from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Oppenheimer reiterated a “buy” rating on shares of Dana in a report on Sunday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.33.
DAN opened at $12.25 on Monday. The business has a fifty day moving average of $12.16 and a 200 day moving average of $13.10. Dana has a 52-week low of $4.22 and a 52-week high of $20.71. The company has a quick ratio of 1.01, a current ratio of 1.60 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.59 billion, a P/E ratio of 10.75, a PEG ratio of 4.57 and a beta of 2.61.
Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in shares of Dana by 18.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,997,951 shares of the auto parts company’s stock worth $127,363,000 after purchasing an additional 1,070,436 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Dana by 3.6% in the first quarter. Wedge Capital Management L L P NC now owns 5,275,431 shares of the auto parts company’s stock worth $41,201,000 after purchasing an additional 185,279 shares in the last quarter. State Street Corp lifted its position in shares of Dana by 6.2% during the first quarter. State Street Corp now owns 4,909,704 shares of the auto parts company’s stock valued at $38,345,000 after buying an additional 287,273 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Dana by 0.8% in the 1st quarter. Invesco Ltd. now owns 3,949,266 shares of the auto parts company’s stock valued at $30,844,000 after buying an additional 32,240 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of Dana by 174.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,939,421 shares of the auto parts company’s stock valued at $30,767,000 after buying an additional 2,506,592 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.
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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