Investment Analysts’ Weekly Ratings Changes for Dana (DAN)

A number of firms have modified their ratings and price targets on shares of Dana (NYSE: DAN) recently:

• 12/16/2024 – Dana had its price target raised by analysts at Wells Fargo & Company from $7.00 to $10.00. They now have an “underweight” rating on the stock.
• 12/9/2024 – Dana was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock, up previously from $9.00.
• 12/3/2024 – Dana was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $16.00 price target on the stock, up previously from $9.00.
• 12/2/2024 – Dana was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $18.00 price target on the stock, up previously from $12.00.
• 11/11/2024 – Dana had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $14.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Dana had its price target lowered by analysts at Wells Fargo & Company from $9.00 to $7.00. They now have an “underweight” rating on the stock.
• 10/31/2024 – Dana had its price target lowered by analysts at Barclays PLC from $14.00 to $12.00. They now have an “equal weight” rating on the stock.
• 10/21/2024 – Dana had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $16.00. They now have an “overweight” rating on the stock.

Dana Trading Down 1.1 %

NYSE:DAN opened at $11.51 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -104.63, a PEG ratio of 1.26 and a beta of 2.36. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The company’s 50 day moving average price is $10.16 and its 200-day moving average price is $10.98. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $15.07.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Dana Incorporated will post 0.85 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.48%. Dana’s dividend payout ratio is currently -363.64%.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter worth approximately $2,687,000. JB Capital Partners LP boosted its stake in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares during the period. Martingale Asset Management L P bought a new position in Dana during the 3rd quarter valued at about $346,000. SG Americas Securities LLC bought a new stake in shares of Dana during the second quarter valued at approximately $388,000. Finally, Entropy Technologies LP purchased a new stake in shares of Dana in the third quarter valued at approximately $250,000. Institutional investors own 96.79% of the company’s stock.

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.