Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Dana Incorporated (NYSE:DAN) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.14.

Several research analysts have recently weighed in on the company. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their target price on shares of Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th.

Dana Price Performance

Dana stock opened at $14.60 on Friday. The stock’s 50 day moving average is $13.10 and its 200 day moving average is $12.40. Dana has a one year low of $7.58 and a one year high of $16.90. The firm has a market cap of $2.13 billion, a P/E ratio of -37.43, a P/E/G ratio of 0.72 and a beta of 2.26. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, research analysts expect that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.74%. Dana’s payout ratio is currently -102.56%.

Institutional Trading of Dana

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after buying an additional 3,732 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Dana in the first quarter valued at approximately $146,000. Finally, SG Americas Securities LLC increased its position in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after acquiring an additional 1,662 shares during 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.