UBS Group reiterated their buy rating on shares of Dana (NYSE:DAN - Free Report) in a report issued on Friday morning, Marketbeat.com reports. The firm currently has a $22.00 target price on the auto parts company's stock, up from their prior target price of $20.00.
Several other equities analysts also recently issued reports on the company. Wells Fargo & Company lifted their price objective on Dana from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank of Canada restated an "outperform" rating and issued a $24.00 target price (up from $20.00) on shares of Dana in a research note on Thursday. Barclays reiterated an "overweight" rating and set a $25.00 price target (up previously from $20.00) on shares of Dana in a research report on Thursday. Finally, Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $20.43.
View Our Latest Stock Report on DAN
Dana Price Performance
Shares of Dana stock traded up $0.35 during mid-day trading on Friday, reaching $17.58. 2,538,479 shares of the stock were exchanged, compared to its average volume of 1,732,299. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $18.03. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -45.07, a price-to-earnings-growth ratio of 0.72 and a beta of 2.11. The firm has a 50-day simple moving average of $14.65 and a 200 day simple moving average of $13.96. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71.
Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data 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). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $0.02 EPS. The business's quarterly revenue was down 14.0% on a year-over-year basis. On average, sell-side analysts predict that Dana will post 1.5 EPS for the current fiscal year.
Dana Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.28%. Dana's dividend payout ratio is currently -166.67%.
Institutional Trading of Dana
A number of institutional investors have recently bought and sold shares of DAN. JB Capital Partners LP lifted its stake in shares of Dana by 28.6% in the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after purchasing an additional 407,000 shares during the period. Great Lakes Advisors LLC increased its holdings in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock valued at $3,246,000 after purchasing an additional 142,850 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Dana in the fourth quarter valued at about $9,498,000. Finally, Sterling Capital Management LLC boosted its holdings 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 buying an additional 3,732 shares during the last quarter. 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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