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

Dana Incorporated (NYSE:DAN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.29.

Several analysts have issued reports on DAN shares. Wells Fargo & Company upped their price target on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Wolfe Research started coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company.

Institutional Trading of Dana

A number of hedge funds have recently added to or reduced their stakes in the business. Martingale Asset Management L P acquired a new position in shares of Dana during the 3rd quarter valued at about $346,000. JB Capital Partners LP grew its holdings in Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Dana during the third quarter worth approximately $2,687,000. Entropy Technologies LP purchased a new position in Dana during the third quarter worth approximately $250,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of DAN stock opened at $11.71 on Friday. The stock has a fifty day moving average price of $10.24 and a 200 day moving average price of $10.90. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The stock has a market cap of $1.70 billion, a PE ratio of -106.44, 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 $14.96.

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 the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts forecast that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.42%. Dana’s payout ratio is currently -363.64%.

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.