The stock of Dana Incorporated (NYSE:DAN) last traded at $17.81, up 0.51% from the previous session.
Data from the available sources indicates that Dana Incorporated (NYSE:DAN) is covered by 9 analysts. 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 $16.00, we find $18.00. Given the previous closing price of $17.72, this indicates a potential upside of 1.58 percent. DAN stock price is now 19.91% away from the 50-day moving average and 15.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2.49B.
In total, 6 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $17.43 as their price target over the next twelve months.
With the price target of $20, Barclays recently initiated with Equal Weight rating for Dana Incorporated (NYSE: DAN).
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 $55228.81. 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 $6.32 million. Insiders disposed of 716,990 shares of company stock worth roughly $12.77 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 HITE HEDGE ASSET MANAGEMENT LLC during the first quarter worth $8,465,000. HRT FINANCIAL LP invested $3,704,000 in shares of DAN during the first quarter. In the first quarter, ALPHACREST CAPITAL MANAGEMENT LLC acquired a new stake in Dana Incorporated valued at approximately $3,247,000. ALGERT GLOBAL LLC acquired a new stake in DAN for approximately $2,543,000. ONTARIO TEACHERS PENSION PLAN BOARD purchased a new stake in DAN valued at around $1,739,000 in the second quarter. In total, there are 383 active investors with 98.70% ownership of the company’s stock.
With an opening price of $17.77 on Tuesday morning, Dana Incorporated (NYSE: DAN) set off the trading day. During the past 12 months, Dana Incorporated has had a low of $11.17 and a high of $19.30. As of last week, the company has a debt-to-equity ratio of 1.67, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for DAN is $14.92 and a two-hundred day moving average price translates $15.42 for the stock.
The latest earnings results from Dana Incorporated (NYSE: DAN) was released for Mar, 2023. According to the Auto Parts Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.1 by 0.15. This compares to $0.14 EPS in the same period last year. The net profit margin was -2.20% and return on equity was -13.90% for DAN. The company reported revenue of $2.64 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.61 percent. For the current quarter, analysts expect DAN to generate $2.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/02/2023. Investors who held shares on 05/12/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.25% percent yield. There was an ex-dividend date of 05/11/2023 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 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.
