Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.57 and traded as high as $17.72. Dana shares last traded at $17.25, with a volume of 3,150,813 shares changing hands.
Analyst Ratings Changes
Several brokerages have commented on DAN. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $22.00 price target (up from $20.00) on shares of Dana in a report on Friday, June 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a report on Thursday, June 12th. Finally, Barclays reaffirmed an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.43.
Read Our Latest Stock Analysis on DAN
Dana Price Performance
The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.54 billion, a P/E ratio of -72.50, a P/E/G ratio of 1.10 and a beta of 2.09. The business's fifty day moving average price is $16.63 and its 200-day moving average price is $14.58.
Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The business's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, sell-side analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.
Dana Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.30%. Dana's dividend payout ratio is presently -166.67%.
Institutional Trading of Dana
Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after purchasing an additional 1,662 shares during the last quarter. State of Tennessee Department of Treasury increased its position in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after acquiring an additional 3,368 shares during the period. Sterling Capital Management LLC increased its position in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 3,732 shares during the period. MetLife Investment Management LLC increased its position in shares of Dana by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock valued at $914,000 after acquiring an additional 4,531 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Dana in the first quarter valued at about $146,000. 96.79% of the stock is owned by institutional investors.
About Dana
(
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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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