Dana Inc (DAN) Receives $28.11 Consensus Target Price from Analysts
Shares of Dana Inc (NYSE:DAN) have been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.11.
A number of research analysts have recently commented on the stock. B. Riley restated a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. Royal Bank of Canada restated a “buy” rating on shares of Dana in a report on Friday, October 27th. Barclays upped their price target on shares of Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Buckingham Research upped their price target on shares of Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th.
In other Dana news, insider Dwayne Matthews sold 17,543 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $29.60, for a total transaction of $519,272.80. Following the transaction, the insider now directly owns 76,402 shares in the company, valued at approximately $2,261,499.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Terrence J. Keating sold 2,321 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total transaction of $68,748.02. Following the transaction, the director now owns 52,140 shares in the company, valued at $1,544,386.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,085 shares of company stock worth $3,776,775. 1.60% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of DAN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dana by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after buying an additional 520 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Dana in the 3rd quarter valued at about $204,000. ETRADE Capital Management LLC bought a new stake in shares of Dana in the 2nd quarter valued at about $205,000. First Allied Advisory Services Inc. bought a new stake in shares of Dana in the 3rd quarter valued at about $206,000. Finally, US Bancorp DE boosted its holdings in shares of Dana by 1.4% in the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after buying an additional 129 shares in the last quarter. Institutional investors own 96.49% of the company’s stock.
Dana (DAN) traded down $0.58 during midday trading on Monday, hitting $31.06. 817,497 shares of the stock were exchanged, compared to its average volume of 1,467,921. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $4,619.94, a PE ratio of 12.81 and a beta of 1.67. Dana has a 12-month low of $17.53 and a 12-month high of $33.45.
Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. research analysts forecast that Dana will post 2.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, November 9th. Dana’s payout ratio is 5.02%.
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Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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