StockNews.com analysts have reportedly begun covering Dana in a research note distributed to investors on Thursday (NYSE: DAN).
The company strongly suggested that potential investors acquire the parent company’s shares of the automotive components manufacturer.
The most recent earnings report for Dana (NYSE: DAN) was distributed to the members of the investing community on February 21st.
The manufacturer of automobile components reported earnings per share for the quarter of $0.10, which was $0.33 less than the consensus forecast of $0.23 among financial analysts.
The earnings per share figure were reported in U.S.
Dollars.
The revenue the company brought in for the quarter was $2.56 billion, which is higher than the forecasted revenue of $2.51 billion expected for the company throughout the quarter. While Dana had a return on equity of 3.02 percent, the company had a negative net margin of 2.38 percent. When compared to the results achieved during the same quarter in the previous year, the rise in revenue for the quarter was 12.4% higher than the prior year’s performance.
This year, equity research analysts anticipate that Dana will generate earnings of 0.8 cents per share, bringing the company’s total earnings to 1.2 cents.
On Thursday, each share of Dana’s stock was set at $13.72 when trading began.
During the last 52 weeks, the price of Dana has fluctuated between $11.17 and $19.30, reaching a low of $11.17 and a high of $19.30.
The debt-to-equity ratio comes in at 1.46, the quick ratio is 0.90, and the current ratio is 1.54 for this particular business.
According to the simple moving average calculated over the past 200 days, the stock’s current price is $15.80, while the simple moving average calculated over the past 50 days puts it at $17.01.
The company’s market capitalization is currently sitting at $1.97 billion, its price-to-earnings ratio stands at -8.17, and its beta stands at 2.38.
Dan has been the subject of a significant number of reports that have been written in the past. Wells Fargo & Company rated the company as “equal weight” in a research note published on February 22nd and February 22nd.
Due to this rating, they decreased their price objective for Dana from $17.00 to $15.00.
In addition, it was mentioned in the note that they gave the company an “equal weight” rating.
In a research note distributed on February 22nd and February 22nd, Barclays lowered their price objective for Dana from $20.00 to $18.00.
An “equal weight” rating was also placed on the company’s stock during that period.
Deutsche Bank Aktiengesellschaft stated in a research note published on February 22nd and February 22nd that they would lower their target price for Dana stock from $16.00 to $14.00.
Deutsche Bank Aktiengesellschaft announced this price reduction.
The common stock of Dana was given a rating of “c-” by TheStreet in a research note published on Wednesday, November 16th, and November 16th.
The company distributed the note.
The stock has been rated “hold” by eight research analysts, while the “buy” rating has been given by just one.
The information regarding the company’s stock obtained from Bloomberg.com indicates that the consensus view is to “hold” its stock, and the average price objective is $15.75.
Several hedge funds and institutional investors in DAN have adjusted their previous positions in the company over the most recent few months.
Bessemer Group INC increased the amount of Dana stock owned by 478.0% during the third quarter of the current fiscal year.
Bessemer Group INC now has 2,578 shares of the auto parts company’s stock, worth a combined total of $29,000 after purchasing an additional 2,132 shares during the period in question.
This brings the total number of shares owned by the company to 2,578.
During the third quarter of the fiscal year, Whittier Trust Company made a new investment in Dana at $34,000.
This transaction took place.
During the second quarter, Captrust Financial Advisers made a 121.5% increase in Dana shares in their portfolio. Following acquiring an additional 3,018 shares during the relevant period, Captrust Financial Advisors now possesses 5,502 shares of the auto parts company’s stock, which is estimated at $77,000. CIBC Private Wealth Group LLC made a new investment in Dana during the fourth quarter, and the total investment cost was approximately 257,000 dollars.
In the final step of this process, Martingale Asset Management L.P.
Increased its holdings in Dana by purchasing additional shares during the fourth quarter for a total cost of approximately $349,000.
Institutional investors and hedge funds collectively own 94.13% of the total number of shares in the company, making up the majority of the shareholders.
Dana, INC is a manufacturer that distributes and sells its technological products, such as thermal-management technologies, fluid-power products, sealing solutions, and technology drive and motion items.
The company is active in the light automobile, commercial vehicle, off-highway vehicle, and power technology markets, each of which is a separate market niche.
The Light Vehicle sector of the company’s operations includes the production of drivetrain systems and other components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks, as well as other types of light vehicles.