Dana Incorporated (NYSE:DAN – Get Rating) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.00.
Several equities research analysts have recently issued reports on DAN shares. StockNews.com started coverage on shares of Dana in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23rd. Zacks Investment Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dana from $21.00 to $18.00 in a research report on Thursday, April 28th. Finally, Exane BNP Paribas began coverage on shares of Dana in a research report on Monday, April 11th. They issued a “neutral” rating for the company.
In other Dana news, insider Byron S. Foster bought 8,500 shares of Dana stock in a transaction dated Friday, March 4th. The stock was acquired at an average cost of $16.31 per share, with a total value of $138,635.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
NYSE:DAN opened at $15.22 on Tuesday. The company has a fifty day simple moving average of $16.07 and a two-hundred day simple moving average of $19.85. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 15.37 and a beta of 2.32. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 1.20. Dana has a 52 week low of $13.49 and a 52 week high of $28.20.
Dana (NYSE:DAN – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. Dana had a net margin of 1.56% and a return on equity of 8.65%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, analysts expect that Dana will post 1.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. Dana’s payout ratio is 40.40%.
About Dana (Get Rating)
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
- Get a free copy of the StockNews.com research report on Dana (DAN)
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