Trump seeking economic deal with China as fresh trade talks loom- WSJ
Dana Inc stock reached a new 52-week high, trading at $18.04, near its 52-week range of $7.58-$18.03. This milestone underscores a robust performance, with the stock delivering an impressive 55.87% year-to-date return and maintaining a steady 2.25% dividend yield backed by 14 consecutive years of payments. The climb to this 52-week high reflects investor confidence and potential growth prospects for Dana Inc, a leader in the automotive industry. InvestingPro analysis shows analyst price targets ranging from $17 to $25, with multiple ProTips highlighting the company’s strong momentum and financial position. For deeper insights into Dana Inc’s valuation and growth prospects, explore the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Dana Inc. reported its first-quarter 2025 earnings, revealing mixed financial results. The company achieved $2.4 billion in revenue, surpassing the expected $2.3 billion, although earnings per share fell short at $0.13 compared to the forecasted $0.16. Dana announced an agreement to sell its off-highway business to Allison Transmission Holdings (NYSE:ALSN) for $2.7 billion, which is expected to close in late 2025. This transaction is anticipated to improve Dana’s credit metrics, as noted by S&P Global Ratings, which placed the company on CreditWatch positive. RBC Capital Markets upgraded Dana’s stock rating to Outperform, citing confidence in the off-highway deal, while UBS raised its price target for Dana to $22, maintaining a Buy rating. BNP Paribas (OTC:BNPQY) Exane reiterated its outperform rating, highlighting the off-highway sale as a catalyst for enhanced shareholder returns. Dana’s cost reduction initiatives, targeting $300 million in savings, are underway to mitigate any margin impacts from the sale.
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