Dana (NYSE:DAN - Free Report) had its price target reduced by JPMorgan Chase & Co. from $16.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company's stock.
Several other research firms also recently commented on DAN. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. Wells Fargo & Company lowered their target price on Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Wolfe Research initiated coverage on shares of Dana in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, Barclays cut their price objective on shares of Dana from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dana presently has a consensus rating of "Hold" and an average target price of $12.50.
Check Out Our Latest Stock Analysis on DAN
Dana Stock Performance
Shares of NYSE:DAN traded up $0.06 on Monday, hitting $8.56. 1,487,716 shares of the company were exchanged, compared to its average volume of 1,391,487. The firm has a market capitalization of $1.24 billion, a P/E ratio of -77.82, a price-to-earnings-growth ratio of 0.81 and a beta of 2.30. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a 1-year low of $7.58 and a 1-year high of $15.07. The stock's 50 day moving average price is $10.09 and its 200 day moving average price is $11.57.
Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for 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 revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Sell-side analysts predict that Dana will post 0.87 EPS for the current year.
Dana Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Friday, November 8th. Dana's payout ratio is -363.64%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. Entropy Technologies LP purchased a new position in Dana during the third quarter worth approximately $250,000. SG Americas Securities LLC purchased a new position in Dana during the second quarter worth about $388,000. Segall Bryant & Hamill LLC acquired a new position in Dana in the 3rd quarter valued at about $2,687,000. Finally, Rhumbline Advisers grew its position in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock worth $5,170,000 after acquiring an additional 5,468 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.
Dana Company Profile
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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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