Dana Inc (DAN) Raised to “Buy” at BidaskClub
BidaskClub upgraded shares of Dana Inc (NYSE:DAN) from a hold rating to a buy rating in a research report released on Saturday.
DAN has been the topic of a number of other research reports. FBR & Co reiterated a market perform rating and issued a $17.00 target price on shares of Dana in a research report on Friday, February 10th. Zacks Investment Research lowered shares of Dana from a hold rating to a sell rating in a report on Wednesday, March 1st. Finally, Deutsche Bank AG reissued a buy rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $21.40.
Shares of Dana (NYSE DAN) traded up 0.69% during mid-day trading on Friday, hitting $22.00. 1,940,043 shares of the company traded hands. The firm’s 50 day moving average price is $20.44 and its 200-day moving average price is $19.36. The stock has a market capitalization of $3.18 billion, a PE ratio of 4.79 and a beta of 1.49. Dana has a 1-year low of $9.80 and a 1-year high of $22.26.
Dana (NYSE:DAN) last issued its earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Dana had a net margin of 4.41% and a return on equity of 26.92%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts forecast that Dana will post $1.93 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Dana Inc (DAN) Raised to “Buy” at BidaskClub” was originally published by Financial Market News and is the property of of Financial Market News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.financial-market-news.com/2017/06/10/dana-inc-dan-raised-to-buy-at-bidaskclub.html.
The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Wednesday, May 10th. Dana’s dividend payout ratio (DPR) is presently 5.47%.
In other Dana news, insider Dwayne Matthews sold 6,667 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $20.13, for a total value of $134,206.71. Following the sale, the insider now owns 49,422 shares of the company’s stock, valued at approximately $994,864.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rodney R. Filcek sold 10,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.35, for a total transaction of $203,500.00. Following the completion of the sale, the senior vice president now directly owns 36,481 shares in the company, valued at approximately $742,388.35. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in DAN. Tyers Asset Management LLC bought a new stake in shares of Dana during the fourth quarter worth $132,000. Flinton Capital Management LLC bought a new stake in shares of Dana during the fourth quarter worth $161,000. Ledyard National Bank bought a new stake in shares of Dana during the first quarter worth $168,000. US Bancorp DE raised its stake in shares of Dana by 15.0% in the first quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock worth $183,000 after buying an additional 1,233 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. ADV bought a new stake in shares of Dana during the fourth quarter worth $190,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Dana Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Inc and related companies with MarketBeat.com's FREE daily email newsletter.