Dana Incorporated (NYSE:DAN) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $29.67.
A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of Dana from a “c” rating to a “b-” rating in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dana from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 2nd. Bank of America upgraded shares of Dana from a “neutral” rating to a “buy” rating and cut their price target for the stock from $31.00 to $30.00 in a report on Thursday, September 16th. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 6th. Finally, Wells Fargo & Company cut their price target on shares of Dana from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, October 5th.
A number of institutional investors and hedge funds have recently bought and sold shares of DAN. Berman Capital Advisors LLC increased its stake in Dana by 385.6% in the third quarter. Berman Capital Advisors LLC now owns 2,020 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 1,604 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Dana by 85.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,973 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 911 shares in the last quarter. US Bancorp DE increased its stake in Dana by 317.8% in the second quarter. US Bancorp DE now owns 2,231 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 1,697 shares in the last quarter. Captrust Financial Advisors increased its stake in Dana by 916.2% in the first quarter. Captrust Financial Advisors now owns 2,947 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 2,657 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Dana in the first quarter valued at $251,000. 92.53% of the stock is owned by hedge funds and other institutional investors.
Dana (NYSE:DAN) last posted its earnings results on Thursday, July 29th. The auto parts company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. Dana had a net margin of 2.44% and a return on equity of 14.58%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned ($0.69) EPS. The firm’s revenue was up 104.5% compared to the same quarter last year. On average, equities analysts forecast that Dana will post 2.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, August 12th. Dana’s dividend payout ratio (DPR) is currently 102.56%.
Dana Company Profile
Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.
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