The stock of Dana Inc (NYSE:DAN) hit a new 52-week high and has $28.59 target or 69.00% above today’s $16.92 share price. The 6 months bullish chart indicates low risk for the $2.50B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.59 price target is reached, the company will be worth $1.73B 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 182,035 shares traded hands. Dana Inc (NYSE:DAN) has risen 19.62% since April 19, 2016 and is uptrending. It has outperformed by 15.76% the S&P500.
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. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, November 10 report. Deutsche Bank maintained it with “Hold” rating and $18 target price in Friday, October 23 report. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equalweight”. The stock of Dana Inc (NYSE:DAN) earned “Overweight” rating by Barclays Capital on Friday, September 16. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Outperform” rating given by FBR Capital on Friday, October 23. As per Friday, October 23, the company rating was maintained by Barclays Capital. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. FBR Capital maintained the shares of DAN in a report on Friday, February 19 with “Outperform” rating.
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 fall, 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.
Ksa Capital Ltd Liability has 0.06% invested in the company for 25,000 shares. The California-based California Pub Employees Retirement Sys has invested 0.01% in Dana Inc (NYSE:DAN). Tcw Grp has invested 0.39% of its portfolio in Dana Inc (NYSE:DAN). Blackrock Advisors Ltd Co, a Delaware-based fund reported 69,965 shares. Prentiss Smith And accumulated 0.01% or 1,000 shares. Creative Planning holds 0.01% of its portfolio in Dana Inc (NYSE:DAN) for 135,006 shares. Prudential Finance Incorporated owns 2.80 million shares or 0.05% of their US portfolio. Capital Guardian Trust Communications last reported 0% of its portfolio in the stock. Moreover, Los Angeles Capital And Equity Research has 0% invested in Dana Inc (NYSE:DAN) for 17,675 shares. The United Kingdom-based Hsbc Public Ltd has invested 0% in Dana Inc (NYSE:DAN). Diam Co Ltd, a Japan-based fund reported 49,595 shares. State Treasurer State Of Michigan, a Michigan-based fund reported 59,300 shares. Profund Advisors, a Maryland-based fund reported 33,712 shares. Parametrica has invested 0.32% of its portfolio in Dana Inc (NYSE:DAN). Credit Suisse Ag has invested 0% of its portfolio in Dana Inc (NYSE:DAN).
Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 2 sales for $227,492 net activity. 10,201 Dana Inc (NYSE:DAN) shares with value of $148,935 were sold by SCHULZ MARK A.
More important recent Dana Inc (NYSE:DAN) news were published by: Toledoblade.com which released: “Dana Holding changes name to Dana Inc.” on July 21, 2016, also Toledoblade.com published article titled: “Dana Inc. reported dip in 3rd-quarter results”, Streetinsider.com published: “Form 8-K DANA INC For: Nov 18” on November 18, 2016. More interesting news about Dana Inc (NYSE:DAN) was released by: Reuters.com and their article: “BRIEF-Dana Inc Q3 earnings per share $0.39” with publication date: October 20, 2016.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.