Dana Incorporated (NYSE:DAN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.29.
Several analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. decreased their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.
View Our Latest Research Report on DAN
Dana Trading Up 0.8 %
Dana (NYSE:DAN – Get Free Report) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Sell-side analysts forecast that Dana will post 0.85 earnings per share for the current year.
Dana Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.52%. Dana’s payout ratio is -363.64%.
Hedge Funds Weigh In On Dana
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the 3rd quarter worth $2,687,000. JB Capital Partners LP boosted its holdings in Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Rhumbline Advisers increased its position in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the last quarter. Entropy Technologies LP bought a new position in Dana during the third quarter valued at about $250,000. Finally, SG Americas Securities LLC lifted its position in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after buying an additional 26,225 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.
About Dana
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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