Media coverage about Dana (NYSE:DAN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dana earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.5022706416316 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Dana Inc Forecasted to Earn Q2 2018 Earnings of $0.78 Per Share (DAN) (americanbankingnews.com)
- Backstage Big Cass Update From RAW, Ronda Rousey – Dana Brooke Full Dark Segment Video, Sasha Banks – Wrestling Inc. (wrestlinginc.com)
- Analysts Viewpoints: Dana Inc (DAN) – Emn News (emnnews.com)
- Dana plans secondary listing of combined company – RubberNews.com (rubbernews.com)
- Dana Inc. to have secondary stock listing on London exchange – Toledo Blade (toledoblade.com)
DAN stock opened at $26.26 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.12 and a debt-to-equity ratio of 1.58. Dana has a 12-month low of $17.53 and a 12-month high of $35.27. The firm has a market capitalization of $3,835.29, a PE ratio of 37.51 and a beta of 1.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.52%. This is a positive change from Dana’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 1st. Dana’s dividend payout ratio (DPR) is presently 57.14%.
Dana declared that its board has initiated a stock buyback program on Wednesday, January 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several equities research analysts recently issued reports on the company. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of Dana in a research note on Wednesday, January 10th. Barclays reissued a “hold” rating and issued a $32.00 target price on shares of Dana in a research note on Tuesday, January 9th. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on Dana from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.55.
In related news, insider Dwayne Matthews sold 33,244 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $33.22, for a total transaction of $1,104,365.68. Following the completion of the transaction, the insider now directly owns 65,267 shares in the company, valued at $2,168,169.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aziz Aghili sold 12,624 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.12, for a total transaction of $418,106.88. Following the completion of the transaction, the insider now owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The disclosure for this sale can be found here. Insiders sold 86,207 shares of company stock worth $2,870,602 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.
Dana Company Profile
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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