Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Dana (DAN) Stock Price
Media coverage about Dana (NYSE:DAN) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dana earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 46.988351307705 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Congresswoman Calls NRA, Dana Loesch ‘Domestic Security Threats’ (famososartistas.com)
- Misfire: Democratic Rep Calls Dana Loesch a Threat to National Security (techkenyot.com)
- Dana break-in unfounded (enterprisepub.com)
- 24.2% Return Seen to Date on SmarTrend Dana Inc Call (DAN) (mysmartrend.com)
- Dana Incorporated (DAN) Presents At J.P. Morgan Auto Conference – Slideshow (seekingalpha.com)
Dana (NYSE DAN) opened at 23.49 on Friday. The firm has a market cap of $3.40 billion, a PE ratio of 4.98 and a beta of 1.49. Dana has a 12 month low of $13.82 and a 12 month high of $25.10. The stock’s 50 day moving average is $23.26 and its 200 day moving average is $20.66.
Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.17. The business had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. Dana had a return on equity of 30.79% and a net margin of 10.80%. The business’s revenue for the quarter was down 98.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities analysts forecast that Dana will post $2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, August 9th. Dana’s payout ratio is currently 5.10%.
Several brokerages have issued reports on DAN. Buckingham Research lifted their target price on shares of Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $26.00 target price (up previously from $24.00) on shares of Dana in a research note on Wednesday, August 2nd. BidaskClub cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Saturday. UBS AG reaffirmed a “neutral” rating and set a $24.00 target price (up previously from $20.00) on shares of Dana in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.50.
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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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