Dana Incorporated (NYSE:DAN) Given Consensus Rating of “Moderate Buy” by Analysts

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.29.

DAN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $12.00 to $18.00 in a research note on Monday, December 2nd. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th.

Dana Price Performance

NYSE DAN opened at $11.36 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of -103.26, a P/E/G ratio of 1.26 and a beta of 2.36. Dana has a 1 year low of $7.58 and a 1 year high of $14.22. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The company has a fifty day simple moving average of $10.35 and a 200 day simple moving average of $10.84.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. On average, sell-side analysts predict that Dana will post 0.85 EPS for the current year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.52%. Dana’s dividend payout ratio (DPR) is currently -363.64%.

Institutional Trading of Dana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares during the period. Entropy Technologies LP acquired a new stake in Dana in the 3rd quarter valued at $250,000. Martingale Asset Management L P bought a new stake in Dana in the third quarter valued at $346,000. Finally, SG Americas Securities LLC raised its stake in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.