Price Don’t Lie: What Next for Dana Inc Stock After Today’s Huge Increase?

Price Don't Lie: What Next for Dana Inc Stock After Today's Huge Increase?

The stock of Dana Inc (NYSE:DAN) is a huge mover today! About 605,851 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.
The move comes after 6 months positive chart setup for the $2.53B company. It was reported on Dec, 1 by Barchart.com. We have $18.82 PT which if reached, will make NYSE:DAN worth $177.10 million more.

Analysts await Dana Inc (NYSE:DAN) to report earnings on February, 16. They expect $0.39 EPS, up 14.71% or $0.05 from last year’s $0.34 per share. DAN’s profit will be $56.03 million for 11.29 P/E if the $0.39 EPS becomes a reality. After $0.49 actual EPS 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. The rating was maintained by Deutsche Bank on Friday, October 23 with “Hold”. FBR Capital maintained it with “Outperform” rating and $17 target price in Friday, February 19 report. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, November 10 report. As per Monday, January 25, the company rating was maintained by Barclays Capital. Barclays Capital upgraded Dana Inc (NYSE:DAN) on Friday, September 16 to “Overweight” rating. The rating was maintained by Barclays Capital on Friday, October 23 with “Equal Weight”. As per Friday, October 23, the company rating was maintained by FBR Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 23 report. The company was maintained on Friday, July 22 by RBC Capital Markets.

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.
Bessemer Inc has 1,500 shares for 0% of their US portfolio. Department Mb Comml Bank N A last reported 0% of its portfolio in the stock. Petrus Tru Lta has 0.05% invested in the company for 19,799 shares. Strs Ohio owns 24,200 shares or 0% of their US portfolio. Kcg Inc last reported 54,097 shares in the company. Parametric Port has 616,934 shares for 0.01% of their US portfolio. Los Angeles Cap Mngmt Equity Research Inc last reported 0% of its portfolio in the stock. Teachers Advsrs last reported 0% of its portfolio in the stock. Pnc accumulated 0% or 20,674 shares. Wellington Gru Limited Liability Partnership reported 26,147 shares or 0% of all its holdings. Barrow Hanley Mewhinney And Strauss Ltd Liability holds 0% of its portfolio in Dana Inc (NYSE:DAN) for 226,685 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 5,700 shares or 0.02% of the stock. Oakbrook Invests Ltd Liability, a Illinois-based fund reported 12,100 shares. Quantbot Tech Ltd Partnership accumulated 0.04% or 36,639 shares. Ameritas Prtnrs Incorporated accumulated 34,966 shares or 0.02% of the stock.

Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 2 selling transactions for $227,492 net activity. $78,557 worth of shares were sold by SCHULZ MARK A on Tuesday, August 23.

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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