Dana Incorporated (NYSE:DAN – Get Free Report) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.8333.
Several research firms recently issued reports on DAN. Barclays lowered shares of Dana from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $41.00 to $33.00 in a report on Thursday, July 2nd. Wells Fargo & Company lowered their price target on shares of Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Weiss Ratings lowered shares of Dana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd.
Get Our Latest Analysis on DAN
Hedge Funds Weigh In On Dana
Dana Price Performance
NYSE DAN opened at $25.59 on Thursday. The business’s fifty day moving average is $32.20 and its 200 day moving average is $31.70. Dana has a fifty-two week low of $15.31 and a fifty-two week high of $39.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The company has a market capitalization of $2.77 billion, a PE ratio of 2.49 and a beta of 1.99.
Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The company had revenue of $1.87 billion during the quarter. Sell-side analysts predict that Dana will post 2.26 earnings per share for the current year.
Dana Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 8th. Dana’s dividend payout ratio is presently 4.66%.
About Dana
Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.
Founded in 1904 by Clarence W.
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