BidaskClub downgraded shares of Dana Incorporated (NYSE:DAN) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Other equities research analysts have also issued research reports about the stock. CLSA initiated coverage on shares of Dana in a research report on Thursday, June 22nd. They set a buy rating and a $27.00 price target for the company. Guggenheim initiated coverage on shares of Dana in a research report on Wednesday, June 21st. They set a buy rating and a $27.00 price target for the company. Deutsche Bank AG reaffirmed a buy rating and set a $23.00 price target (up previously from $22.00) on shares of Dana in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Dana from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Tuesday, April 25th. Finally, Barclays PLC lowered shares of Dana from an overweight rating to an equal weight rating and increased their target price for the stock from $23.00 to $24.00 in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $22.22.

Dana (NYSE DAN) opened at 23.72 on Friday. The stock has a market cap of $3.43 billion, a P/E ratio of 5.17 and a beta of 1.48. Dana has a 1-year low of $12.79 and a 1-year high of $25.10. The stock has a 50 day moving average of $22.74 and a 200 day moving average of $20.38.

Dana (NYSE:DAN) last released its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.17. Dana had a net margin of 11.02% and a return on equity of 31.55%. The firm had revenue of $18.40 million during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was down 98.8% compared to the same quarter last year. Equities analysts anticipate that Dana will post $1.98 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/dana-incorporated-nysedan-downgraded-by-bidaskclub-to-buy/1465271.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s dividend payout ratio is 5.22%.

In other Dana news, SVP Rodney R. Filcek sold 10,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $20.35, for a total transaction of $203,500.00. Following the completion of the sale, the senior vice president now directly owns 36,481 shares of the company’s stock, valued at approximately $742,388.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dwayne Matthews sold 6,667 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $20.13, for a total transaction of $134,206.71. Following the sale, the insider now directly owns 49,422 shares of the company’s stock, valued at $994,864.86. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Ledyard National Bank bought a new stake in shares of Dana during the first quarter worth about $168,000. US Bancorp DE raised its stake in shares of Dana by 15.0% in the first quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock worth $183,000 after buying an additional 1,233 shares during the period. World Asset Management Inc raised its stake in shares of Dana by 0.3% in the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock worth $209,000 after buying an additional 37 shares during the period. Shelton Capital Management bought a new stake in shares of Dana during the first quarter worth about $210,000. Finally, Koch Industries Inc. bought a new stake in shares of Dana during the first quarter worth about $237,000. 97.36% of the stock is owned by institutional investors and hedge funds.

About Dana

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.

Analyst Recommendations for Dana (NYSE:DAN)

Receive News & Ratings for Dana Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.