Dana (NYSE:DAN) Trading Down 5.1% on Analyst Downgrade

Shares of Dana Incorporated (NYSE:DAN) fell 5.1% Friday after Barclays lowered its target price for the stock from $30.00 to $28.00. Barclays currently has an Plus rating in the stock. Dana traded as low as $20.33 and was last traded at $20.37. 34,794 shares were traded during mid-day trading, down 96% from the average daily volume of 815,719 shares. The stock had earlier closed at $21.47.

A number of other brokerages have also recently commented on DAN. Wells Fargo & Company lowered its price target for Dana’s shares from $31.00 to $30.00 and assigned an “overweight” rating to the stock in a report released on Tuesday, October 5th. Royal Bank of Canada lowered its price target for Dana’s shares from $28.00 to $25.00 and placed an “outstanding” rating on the stock in a report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft boosted its price target for Dana shares from $31.00 to $32.00 in a report released on Thursday, January 13th. Finally, Zacks Investment Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research report on Monday, January 17th. One research analyst has rated the stock with a hold rating, while six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $29.14.

In other news, Executive Vice President Aziz Aghili sold 2,6504 shares of the company’s stock in a transaction dated Friday, November 5th. The shares sold for an average price of $23.56, for a total transaction of $624,434.24. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. 0.75% of the shares are owned by corporate insiders.


It is scientific breakthroughs like this that give investors like you the opportunity to get early entry into companies that will revolutionize the world…

And you may only get one chance in life to invest in something this big…

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Limited boosted its stake in Dana by 11.2% in the fourth quarter. Russell Investments Group Limited now owns 607,766 shares of the auto parts company’s stock valued at $13,865,000 after purchasing an additional 61,133 shares during the period. Patriot Financial Group Insurance LLC boosted its position in shares of Dana by 331.3% during the 4th quarter. Patriot Financial Group Insurance Ackling S.A.E. Comerica Bank boosted its position in shares of Dana by 9.1% during the 3rd quarter. Bank of Comerica now owns 631,218 shares of the auto parts company’s stock valued at $15,414,000 after acquiring an additional 52,814 shares during the last quarter. Martingale Asset Management LP boosted its position in shares of Dana by 16.2% during the 3rd quarter. Martingale Asset Management LP now owns 67,292 shares of the auto parts company valued at $1,497,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Gamco Investors INC. ET AL positioned in shares of Dana Inc by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now has 3,233,608 shares of the auto parts company valued at $71,915,000 after acquiring an additional 27,529 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s shares.

The company has a fifty-day moving average of $23.05 and a two hundred day moving average of $23.18. The company has a market capitalization of $2.93 billion, a PE ratio of 14.25 and a beta of 2.39. The company’s debt-to-equity ratio is 1.25, the quick ratio is 0.95 and the current ratio is 1.66.

Dana (NYSE: DAN) released its latest earnings results on Tuesday, October 26th. The auto parts company reported earnings of $0.41 per share for the quarter, topping analysts’ estimates of $0.46 ($0.05). Dana had a return on equity of 14.72% and a net margin of 2.41%. The company generated $2.20 billion in revenue for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the company earned $0.37 per share. Business revenue for the third quarter increased 10.5% year over year. On average, stock analysts expect Dana Incorporated to report 1.85 earnings per share for the current year.

about dana (NYSE: AND)

Dana, Inc. is engaged in the manufacture, distribution, and sale of technology propulsion and motion products, sealing solutions, thermal management technologies, and liquid power products. It operates through the following divisions: Light Vehicles, Commercial Vehicles, Off-Road, and Energy Technologies. The Light Vehicle segment includes systems and components for passenger cars, crossovers, SUVs, vans, and light trucks.

Further reading: Fibonacci Channel

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1000 in Dana now?

Before you even think about Dana, you’ll want to hear this.

MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market hunts…and Dana wasn’t on the list.

While Dana currently has a “buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View stock 5 here


Leave a Comment