Dana Incorporated (NYSE:DAN – Get Free Report) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.50.
A number of analysts have weighed in on DAN shares. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada increased their target price on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th.
Check Out Our Latest Report on Dana
Hedge Funds Weigh In On Dana
Dana Stock Up 5.6 %
Shares of DAN opened at $14.37 on Friday. The company has a market cap of $2.08 billion, a PE ratio of -36.85, a P/E/G ratio of 0.72 and a beta of 2.42. The business has a fifty day moving average of $14.53 and a 200 day moving average of $11.87. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71.
Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. On average, sell-side analysts expect that Dana will post 1.5 EPS for the current year.
Dana Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.78%. Dana’s dividend payout ratio (DPR) is presently -102.56%.
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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