Dana Incorporated (NYSE:DAN)‘s stock had its “buy” rating reaffirmed by Barclays PLC in a report released on Wednesday. They currently have a $22.00 target price on the stock. Barclays PLC’s target price suggests a potential upside of 11.11% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. J P Morgan Chase & Co restated a “hold” rating on shares of Dana in a research note on Thursday, November 10th. FBR & Co downgraded Dana from an “outperform” rating to a “market perform” rating and set a $17.00 price objective for the company. in a report on Thursday, November 10th. Zacks Investment Research downgraded Dana from a “buy” rating to a “hold” rating in a report on Monday, October 24th. RBC Capital Markets raised Dana from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $17.00 to $24.00 in a report on Tuesday, December 20th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada raised Dana from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $17.00 to $24.00 in a report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Dana has a consensus rating of “Hold” and an average target price of $20.67.
Shares of Dana (NYSE:DAN) traded down 0.81% on Wednesday, hitting $19.64. 1,930,902 shares of the stock were exchanged. The company’s 50 day moving average is $18.69 and its 200-day moving average is $15.22. Dana has a 52-week low of $9.80 and a 52-week high of $19.89. The stock has a market cap of $2.82 billion, a PE ratio of 40.00 and a beta of 1.59.
Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Dana had a net margin of 1.27% and a return on equity of 28.86%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts predict that Dana will post $1.75 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC bought a new position in Dana during the third quarter valued at approximately $280,000. Ameritas Investment Partners Inc. increased its stake in Dana by 60.4% in the third quarter. Ameritas Investment Partners Inc. now owns 56,101 shares of the company’s stock valued at $875,000 after buying an additional 21,135 shares in the last quarter. Weber Alan W increased its stake in Dana by 9.5% in the third quarter. Weber Alan W now owns 527,493 shares of the company’s stock valued at $8,224,000 after buying an additional 45,586 shares in the last quarter. RBF Capital LLC increased its stake in Dana by 925.5% in the third quarter. RBF Capital LLC now owns 205,100 shares of the company’s stock valued at $3,198,000 after buying an additional 185,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Dana during the third quarter valued at about $4,562,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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