Dana Incorporated (NYSE:DAN) Receives Average Recommendation of “Hold” from Brokerages

Dana Incorporated (NYSE:DANGet Rating) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts have recently issued reports on DAN shares. StockNews.com started coverage on shares of Dana in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23rd. Zacks Investment Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dana from $21.00 to $18.00 in a research report on Thursday, April 28th. Finally, Exane BNP Paribas began coverage on shares of Dana in a research report on Monday, April 11th. They issued a “neutral” rating for the company.

In other Dana news, insider Byron S. Foster bought 8,500 shares of Dana stock in a transaction dated Friday, March 4th. The stock was acquired at an average cost of $16.31 per share, with a total value of $138,635.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Dana by 331.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 1,007 shares during the period. US Bancorp DE increased its stake in shares of Dana by 21.9% during the third quarter. US Bancorp DE now owns 2,719 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 488 shares during the period. Meritage Portfolio Management increased its stake in shares of Dana by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock worth $230,000 after acquiring an additional 512 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of Dana during the first quarter worth about $640,000. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Dana by 6.8% during the first quarter. Crossmark Global Holdings Inc. now owns 13,070 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 830 shares during the period. 94.65% of the stock is owned by institutional investors and hedge funds.

NYSE:DAN opened at $15.22 on Tuesday. The company has a fifty day simple moving average of $16.07 and a two-hundred day simple moving average of $19.85. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 15.37 and a beta of 2.32. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 1.20. Dana has a 52 week low of $13.49 and a 52 week high of $28.20.

Dana (NYSE:DANGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. Dana had a net margin of 1.56% and a return on equity of 8.65%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, analysts expect that Dana will post 1.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. Dana’s payout ratio is 40.40%.

About Dana (Get Rating)

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

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Analyst Recommendations for Dana (NYSE:DAN)

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