Royal Bank Of Canada Reaffirms Buy Rating for Dana Incorporated (DAN)
Royal Bank Of Canada reissued their buy rating on shares of Dana Incorporated (NYSE:DAN) in a research report report published on Thursday morning. Royal Bank Of Canada currently has a $27.00 price objective on the auto parts company’s stock.
A number of other research firms have also weighed in on DAN. Barclays PLC lowered Dana from an overweight rating to an equal weight rating and upped their price objective for the stock from $23.00 to $24.00 in a research report on Wednesday, July 19th. BidaskClub raised Dana from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. UBS AG reaffirmed a neutral rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Buckingham Research upped their price objective on Dana from $23.00 to $25.00 and gave the stock a neutral rating in a research report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc lowered Dana from a neutral rating to a negative rating and set a $19.00 target price on the stock. in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $23.80.
Shares of Dana (DAN) traded down 0.21% during mid-day trading on Thursday, reaching $28.43. The company’s stock had a trading volume of 681,885 shares. Dana has a one year low of $13.93 and a one year high of $29.16. The stock has a market cap of $4.11 billion, a P/E ratio of 6.03 and a beta of 1.56. The stock has a 50 day moving average of $25.56 and a 200-day moving average of $22.27.
Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.17. Dana had a return on equity of 30.79% and a net margin of 10.80%. The business had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company’s revenue was down 98.8% on a year-over-year basis. On average, equities research analysts expect that Dana will post $2.33 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. World Asset Management Inc boosted its stake in Dana by 0.3% in the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock valued at $209,000 after acquiring an additional 37 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Dana by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 60 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Dana by 0.4% in the second quarter. Capstone Asset Management Co. now owns 18,278 shares of the auto parts company’s stock valued at $408,000 after acquiring an additional 80 shares in the last quarter. US Bancorp DE boosted its stake in Dana by 1.4% in the second quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 129 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Dana by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 11,550 shares of the auto parts company’s stock valued at $258,000 after acquiring an additional 143 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.
Dana Company Profile
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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