Dana (DAN) Given Coverage Optimism Score of 0.31
News coverage about Dana (NYSE:DAN) has been trending positive this week, AlphaOne reports. The research firm, a division of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Dana earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Alpha One’s analysis:
- UFC On FOX 24 Bonuses, Demetrious Johnson’s Incredible Run, Dana White’s Thoughts (wrestlinginc.com)
- Royal Bank of Canada Reiterates Buy Rating for Dana Inc (DAN) (americanbankingnews.com)
- Dana Woldow, SF crusader for healthy school lunches, dies at 65 (sfgate.com)
- “The Three Keys” Series by Dana Alexander Weaves a Mythological Story (thegeekiary.com)
- Dana Inc Valuation – Initial Coverage $DAN (moderngraham.com)
Several equities analysts recently commented on the company. FBR & Co reissued a “market perform” rating and set a $17.00 price target on shares of Dana in a research report on Friday, February 10th. Zacks Investment Research lowered Dana from a “hold” rating to a “sell” rating in a research report on Wednesday, March 1st. Royal Bank of Canada raised Dana from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $17.00 to $24.00 in a research report on Tuesday, December 20th. They noted that the move was a valuation call. TheStreet raised Dana from a “c+” rating to a “b-” rating in a research report on Thursday, February 9th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Dana in a research report on Wednesday, January 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.00.
Shares of Dana (NYSE:DAN) traded up 1.54% during trading on Monday, hitting $17.84. The company’s stock had a trading volume of 565,725 shares. The firm’s 50 day moving average is $18.76 and its 200-day moving average is $17.94. Dana has a 1-year low of $9.80 and a 1-year high of $20.62.
Dana (NYSE:DAN) last issued its earnings results on Thursday, February 9th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.19. Dana had a return on equity of 29.73% and a net margin of 10.98%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that Dana will post $1.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 3rd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, March 1st. Dana’s payout ratio is currently 5.47%.
In other Dana news, Director Mark A. Schulz sold 6,963 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $19.46, for a total value of $135,499.98. Following the transaction, the director now directly owns 21,963 shares of the company’s stock, valued at approximately $427,399.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark E. Wallace sold 83,984 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $19.60, for a total value of $1,646,086.40. Following the completion of the transaction, the executive vice president now directly owns 190,817 shares in the company, valued at $3,740,013.20. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. 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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