Dana Incorporated (NYSE:DAN) shares traded 0.41% higher at $17.33 on Wall Street last session.
In accordance with the data, 8 analysts cover Dana Incorporated (NYSE:DAN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $14.00, we find $16.00. Given the previous closing price of $17.26, this indicates a potential downside of -7.3 percent. DAN stock price is now 4.49% away from the 50-day moving average and 11.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.37B.
It has been rated a hold by 6 analysts and a buy by 2. Brokers who have rated the stock have averaged $16.33 as their price target over the next twelve months.
With the price target enhanced from $15 to $16, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Dana Incorporated (NYSE: DAN). On August 04, 2022, Deutsche Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $18 to quote $15, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, Aghili Aziz, EVP &Pres Off-Hwy Technologies sold 35,205 shares of the company’s stock on Dec 01. The stock was sold for $624,904 at an average price of $17.75. Upon completion of the transaction, the EVP &Pres Off-Hwy Technologies now directly owns 3,101 shares in the company, valued at $53740.33. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Chairman & CEO Kamsickas James Kevin sold 400,000 shares of the business’s stock. A total of $7,113,360 was realized by selling the stock at an average price of $17.78. This leaves the insider owning 354,728 shares of the company worth $6.15 million. Insiders disposed of 630,963 shares of company stock worth roughly $10.93 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DAN stock. A new stake in Dana Incorporated shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $25,122,000. ING GROEP NV invested $6,066,000 in shares of DAN during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in Dana Incorporated valued at approximately $5,199,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in DAN for approximately $3,225,000. ALPHACREST CAPITAL MANAGEMENT LLC purchased a new stake in DAN valued at around $3,159,000 in the second quarter. In total, there are 379 active investors with 98.70% ownership of the company’s stock.
Dana Incorporated (NYSE: DAN) opened at $17.32 on Wednesday. During the past 12 months, Dana Incorporated has had a low of $11.17 and a high of $25.51. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for DAN is $16.59 and a two-hundred day moving average price translates $15.48 for the stock.
The latest earnings results from Dana Incorporated (NYSE: DAN) was released for Jun, 2022. According to the Auto Parts Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.22 by 0.02. This compares to $0.34 EPS in the same period last year. The net profit margin was -0.40% and return on equity was -2.10% for DAN. The company reported revenue of $2.54 billion for the quarter, compared to $2.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.02 percent. For the current quarter, analysts expect DAN to generate $2.52B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/02/2022. Investors who held shares on 11/11/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.31% percent yield. There was an ex-dividend date of 11/09/2022 for this dividend.
Dana Incorporated(DAN) Company Profile
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers axles, driveshafts, e-axles, electrodynamic and drivetrain components, and transmissions, as well as electric, hybrid, and ICE products for light trucks, sport and crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides axles, driveshafts, e-axles, e-transmissions, electrodynamic and drivetrain components, and electric vehicle integration services, as well as software as a service for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment offers axles, driveshafts, transmissions, planetary hub drives, e-axles and e-drives, and helical and bevel-helical gearboxes, as well as electrodynamic, hydraulic, and drivetrain components for construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary markets. The Power Technologies segment offers gaskets and sealing, cover modules, heat shields, thermal management, e-thermal management, cooling, and bipolar fuel cell plates products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.