Dana Incorporated (NYSE:DAN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.48 and traded as high as $16.59. Dana shares last traded at $16.45, with a volume of 818,980 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Dana from $17.00 to $20.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. UBS Group boosted their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on Dana from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Royal Bank of Canada upgraded shares of Dana from a "hold" rating to a "moderate buy" rating and lifted their price objective for the company from $14.00 to $20.00 in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.57.
Get Our Latest Analysis on Dana
Dana Price Performance
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 50-day simple moving average of $14.00 and a 200-day simple moving average of $13.54. The stock has a market cap of $2.51 billion, a PE ratio of -44.18, a PEG ratio of 0.72 and a beta of 2.11.
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 analysts' consensus estimates of $0.17 by ($0.04). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $0.02 earnings per share. The business's revenue for the quarter was down 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Dana Incorporated will post 1.5 EPS for the current fiscal year.
Dana Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. Dana's dividend payout ratio (DPR) is -166.67%.
Hedge Funds Weigh In On Dana
Hedge funds and other institutional investors have recently bought and sold shares of the company. JB Capital Partners LP increased its position in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after buying an additional 407,000 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Dana by 103.6% in 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 acquiring an additional 142,850 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after acquiring an additional 1,130 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Dana during the 4th quarter valued at about $9,498,000. Finally, Sterling Capital Management LLC raised its position in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after acquiring an additional 3,732 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.
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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