Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Dana Incorporated (NYSE:DAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.29.

DAN has been the subject of a number of recent research reports. BNP Paribas raised shares of Dana from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. StockNews.com lowered Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company lifted their price objective on Dana from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. Finally, Barclays raised shares of Dana from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $12.00 to $18.00 in a report on Monday, December 2nd.

Dana Stock Performance

NYSE:DAN traded down $0.10 on Friday, hitting $11.71. The stock had a trading volume of 770,628 shares, compared to its average volume of 1,514,260. The business's 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $10.86. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -106.44, a price-to-earnings-growth ratio of 1.26 and a beta of 2.36. Dana has a 52-week low of $7.58 and a 52-week high of $14.96. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data 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). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the business posted $0.30 EPS. The business's quarterly revenue was down 7.2% compared to the same quarter last year. As a group, research analysts predict that Dana will post 0.85 earnings per share for the current year.

Dana Dividend Announcement

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

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently modified their holdings of DAN. Rhumbline Advisers grew its stake in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock valued at $5,170,000 after acquiring an additional 5,468 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter valued at about $250,000. SG Americas Securities LLC boosted its holdings in shares of Dana by 81.8% during 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. Martingale Asset Management L P purchased a new position in shares of Dana during the third quarter valued at about $346,000. Finally, JB Capital Partners LP increased its holdings in shares of 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 worth $14,880,000 after purchasing an additional 128,000 shares during the last quarter. Institutional investors 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.