Dana Incorporated (NYSE:DAN – Get Free Report) was the target of unusually large options trading on Friday. Traders bought 14,128 call options on the company. This is an increase of approximately 1,781% compared to the typical volume of 751 call options.
Wall Street Analyst Weigh In
A number of research firms have commented on DAN. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.14.
View Our Latest Research Report on DAN
Institutional Inflows and Outflows
Dana Trading Up 14.6 %
NYSE:DAN opened at $15.16 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -137.82 and a beta of 2.31. Dana has a one year low of $7.58 and a one year high of $16.11. The business has a fifty day moving average price of $11.53 and a 200-day moving average price of $10.87.
Dana (NYSE:DAN – Get Free Report) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. Sell-side analysts forecast that Dana will post 0.85 EPS for the current year.
Dana Company Profile
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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