Dana’s (DAN) Outperform Rating Reaffirmed at BNP Paribas Exane

BNP Paribas Exane reiterated their outperform rating on shares of Dana (NYSE:DAN) in a research report report published on Friday,Benzinga reports. BNP Paribas Exane currently has a $34.00 price target on the auto parts company’s stock, down from their prior price target of $38.00.

DAN has been the topic of a number of other reports. Wells Fargo & Company cut their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada decreased their price target on shares of Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday. Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Barclays upped their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Finally, Weiss Ratings lowered shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.29.

Dana Stock Performance

Shares of Dana stock opened at $23.17 on Friday. The business has a 50-day simple moving average of $28.94 and a 200 day simple moving average of $31.10. Dana has a one year low of $18.95 and a one year high of $39.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.03. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 2.43 and a beta of 2.05.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.28). Dana had a return on equity of 5.03% and a net margin of 13.45%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.07 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Dana will post 1.95 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Dana’s payout ratio is presently 5.03%.

Institutional Investors Weigh In On Dana

Institutional investors have recently bought and sold shares of the stock. Nykredit A S purchased a new stake in Dana in the 2nd quarter valued at $61,081,000. The Manufacturers Life Insurance Company purchased a new position in Dana during the 2nd quarter worth $1,447,000. Bank of America Corp DE purchased a new position in Dana during the 2nd quarter worth $17,276,000. BlackRock Inc. purchased a new position in Dana during the 2nd quarter worth $496,741,000. Finally, Engineers Gate Manager LP grew its stake in shares of Dana by 59.1% in the 2nd quarter. Engineers Gate Manager LP now owns 152,871 shares of the auto parts company’s stock worth $4,160,000 after acquiring an additional 56,766 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.