Research Analysts’ Weekly Ratings Updates for Dana (DAN)

Dana (NYSE: DAN) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Dana had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $16.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Dana had its price target lowered by analysts at Barclays PLC from $16.00 to $14.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Dana was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/1/2024 – Dana was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/20/2024 – Dana was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating. They now have a $9.00 price target on the stock, down previously from $13.00.
• 9/10/2024 – Dana was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/10/2024 – Dana had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $12.00 price target on the stock.
• 9/5/2024 – Dana is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.

Dana Stock Down 2.1 %

DAN traded down $0.24 on Monday, hitting $10.93. 1,100,915 shares of the company were exchanged, compared to its average volume of 1,296,790. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. Dana Incorporated has a twelve month low of $9.16 and a twelve month high of $15.07. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 121.44, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The firm has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $11.90.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. Dana’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts predict that Dana Incorporated will post 0.95 earnings per share for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were given a $0.10 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.66%. Dana’s dividend payout ratio (DPR) is 444.44%.

Hedge Funds Weigh In On Dana

An institutional investor recently raised its position in Dana stock. Rhumbline Advisers lifted its stake in Dana Incorporated (NYSE:DAN) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,586 shares of the auto parts company’s stock after purchasing an additional 5,468 shares during the period. Rhumbline Advisers owned approximately 0.29% of Dana worth $5,170,000 as of its most recent SEC filing. Institutional investors own 96.79% of the company’s stock.

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.