Dana Incorporated (NYSE:DAN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.91 and traded as high as $11.60. Dana shares last traded at $11.57, with a volume of 789,559 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Barclays upgraded Dana from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on shares of Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company raised their price objective 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. Finally, BNP Paribas raised shares of Dana from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.29.
Read Our Latest Report on Dana
Dana Stock Performance
The stock has a market cap of $1.71 billion, a PE ratio of -107.17, a P/E/G ratio of 1.26 and a beta of 2.36. The firm's 50-day moving average is $10.18 and its 200 day moving average is $10.91. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49.
Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business's revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, research analysts anticipate that Dana Incorporated will post 0.85 EPS for the current year.
Dana Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.39%. Dana's dividend payout ratio is currently -363.64%.
Institutional Trading of Dana
A number of institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP acquired a new stake in Dana in the third quarter valued at $250,000. Martingale Asset Management L P acquired a new stake in Dana in the 3rd quarter valued at about $346,000. SG Americas Securities LLC grew its stake in Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company's stock valued at $615,000 after acquiring an additional 26,225 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Dana during the 3rd quarter valued at about $2,687,000. Finally, Rhumbline Advisers raised 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 acquiring an additional 5,468 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.
About Dana
(
Get Free Report)
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.
Featured Articles
Before you consider Dana, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dana wasn't on the list.
While Dana currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
