Dana (NYSE:DAN - Free Report) had its target price raised by Oppenheimer from $17.00 to $18.00 in a research note released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the auto parts company's stock.
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of Dana from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Wednesday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Dana from $19.00 to $18.00 and set an overweight rating for the company in a research report on Monday, February 26th. Finally, Barclays lowered their price objective on shares of Dana from $16.00 to $15.00 and set an equal weight rating for the company in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $16.57.
View Our Latest Stock Report on DAN
Dana Price Performance
DAN stock traded up $0.83 during trading on Wednesday, hitting $13.26. 3,592,564 shares of the stock traded hands, compared to its average volume of 1,288,588. Dana has a one year low of $11.10 and a one year high of $19.75. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 51.00, a P/E/G ratio of 0.36 and a beta of 2.49. The company has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $12.98. The company has a current ratio of 1.58, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59.
Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. Dana had a net margin of 0.36% and a return on equity of 7.37%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Equities analysts expect that Dana will post 0.99 EPS for the current fiscal year.
Dana Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, May 9th. Dana's dividend payout ratio is 153.85%.
Institutional Investors Weigh In On Dana
Several institutional investors have recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC boosted its stake in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company's stock worth $4,158,000 after acquiring an additional 176,778 shares during the last quarter. Neo Ivy Capital Management bought a new position in Dana during the 3rd quarter worth approximately $1,602,000. Great Lakes Advisors LLC boosted its stake in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company's stock worth $976,000 after acquiring an additional 32,163 shares during the last quarter. Strs Ohio boosted its stake in Dana by 1.6% during the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company's stock worth $850,000 after acquiring an additional 900 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Dana during the 3rd quarter worth approximately $567,000. Institutional investors and hedge funds own 96.79% of the company's stock.
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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