The stock of Dana Inc (NYSE:DAN) hit a new 52-week high and has $18.93 target or 8.00% above today’s $17.53 share price. The 5 months bullish chart indicates low risk for the $2.52B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $18.93 price target is reached, the company will be worth $201.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.76M shares traded hands. Dana Inc (NYSE:DAN) has risen 30.02% since April 28, 2016 and is uptrending. It has outperformed by 24.10% the S&P500.
Analysts await Dana Inc (NYSE:DAN) to report earnings on February, 16. They expect $0.39 earnings per share, up 14.71% or $0.05 from last year’s $0.34 per share. DAN’s profit will be $56.06M for 11.24 P/E if the $0.39 EPS becomes a reality. After $0.49 actual earnings per share reported by Dana Inc for the previous quarter, Wall Street now forecasts -20.41% negative EPS growth.
Dana Inc (NYSE:DAN) Ratings Coverage
Out of 4 analysts covering Dana Holding Corp (NYSE:DAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Dana Holding Corp has been the topic of 17 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Dana Inc (NYSE:DAN) on Friday, October 23 with “Hold” rating. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 22. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, November 10 report. The firm earned “Equal Weight” rating on Friday, October 23 by Barclays Capital. The stock has “Overweight” rating given by Barclays Capital on Friday, September 16. The rating was maintained by FBR Capital on Friday, February 19 with “Outperform”. The firm has “Equalweight” rating by Barclays Capital given on Monday, January 25. The rating was maintained by FBR Capital on Friday, October 23 with “Outperform”.
According to Zacks Investment Research, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.26, from 1.15 in 2016Q1. The ratio is negative, as 33 funds sold all Dana Inc shares owned while 65 reduced positions. 35 funds bought stakes while 78 increased positions. They now own 140.54 million shares or 6.39% less from 150.13 million shares in 2016Q1.
Martingale Asset Ltd Partnership last reported 90,748 shares in the company. Wells Fargo Mn reported 454,446 shares or 0% of all its holdings. Diam accumulated 49,595 shares or 0.01% of the stock. Teacher Retirement Of Texas has invested 0% of its portfolio in Dana Inc (NYSE:DAN). Commonwealth Savings Bank Of Aus last reported 33,100 shares in the company. Peak6 Investments Lp owns 19,941 shares or 0% of their US portfolio. The Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.01% in Dana Inc (NYSE:DAN). Dimensional Fund Advsr L P holds 2.38M shares or 0.01% of its portfolio. The Pennsylvania-based Nationwide Fund Advsr has invested 0.05% in Dana Inc (NYSE:DAN). Gabelli Funds Ltd Liability Co accumulated 2.52 million shares or 0.16% of the stock. Cna Fincl Corporation accumulated 76,849 shares or 0.2% of the stock. Wellington Mgmt Group Llp last reported 26,147 shares in the company. Dnb Asset Management As reported 4.92 million shares or 0% of all its holdings. California Employees Retirement Sys accumulated 0.01% or 570,009 shares. Ls Ltd Com last reported 9,092 shares in the company.
Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 2 insider sales for $227,492 net activity. $148,935 worth of Dana Inc (NYSE:DAN) was sold by SCHULZ MARK A on Friday, September 2.
More news for Dana Inc (NYSE:DAN) were recently published by: Toledoblade.com, which released: “Dana Inc. reported dip in 3rd-quarter results” on October 21, 2016. Toledoblade.com‘s article titled: “Dana Holding changes name to Dana Inc.” and published on July 21, 2016 is yet another important article.
DAN Company Profile
Dana Inc, formerly Dana Holding Corporation, incorporated on December 7, 2007, is a well-known provider of high technology driveline, sealing and thermal-management products. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Firm operates in four divisions: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has activities in North America, South America, Europe and Asia pacific.
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