Dana Incorporated (NYSE:DAN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.75 and traded as high as $14.25. Dana shares last traded at $13.97, with a volume of 2,085,749 shares changing hands.
Analysts Set New Price Targets
Several analysts have commented on DAN shares. StockNews.com cut shares of Dana from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group lifted their price objective on Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Barclays increased their target price on Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Dana from a "hold" rating to a "buy" rating and lifted their price target for the company from $9.00 to $19.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.50.
View Our Latest Analysis on DAN
Dana Stock Up 3.1 %
The firm's 50-day moving average price is $14.32 and its 200-day moving average price is $11.78. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -35.73, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42.
Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Sell-side analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.
Dana Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, February 28th. Dana's dividend payout ratio (DPR) is presently -102.56%.
Institutional Trading of Dana
A number of hedge funds have recently made changes to their positions in DAN. JB Capital Partners LP increased its stake in Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after buying an additional 407,000 shares during the period. Russell Investments Group Ltd. increased its position in shares of Dana by 1.9% during the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock worth $10,822,000 after acquiring an additional 17,569 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Dana in the fourth quarter worth about $9,498,000. Cibc World Markets Corp boosted its holdings in Dana by 1.8% in the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock valued at $7,944,000 after purchasing an additional 12,220 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its stake in Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock valued at $3,246,000 after purchasing an additional 142,850 shares in 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.
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