Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.5714.

DAN has been the subject of several research analyst reports. Cfra Research raised Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Barclays upped their price target on shares of Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Zacks Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, UBS Group boosted their price objective on Dana from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th.

Dana Stock Performance

Shares of NYSE DAN opened at $20.00 on Wednesday. Dana has a 1 year low of $7.72 and a 1 year high of $22.13. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.00 and a current ratio of 1.31. The company’s fifty day moving average price is $20.12 and its 200 day moving average price is $18.35. The company has a market capitalization of $2.34 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 1.47 and a beta of 2.16.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $0.12 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. Dana has set its FY 2025 guidance at EPS. On average, research analysts predict that Dana will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 7th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. Dana’s dividend payout ratio (DPR) is presently 88.89%.

Hedge Funds Weigh In On Dana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAN. FNY Investment Advisers LLC acquired a new stake in shares of Dana in the 2nd quarter worth $25,000. Captrust Financial Advisors purchased a new position in Dana during the second quarter worth about $176,000. SG Americas Securities LLC acquired a new position in Dana in the 3rd quarter valued at about $488,000. Horizon Investments LLC purchased a new stake in shares of Dana in the 3rd quarter valued at approximately $553,000. Finally, Entropy Technologies LP increased its holdings in shares of Dana by 266.2% during the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after buying an additional 27,116 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Company Profile

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.