Dana Incorporated (NYSE:DAN) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.86.

A number of brokerages recently issued reports on DAN. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a "hold" rating to a "buy" rating and upped their price target for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $10.00 to $16.00 in a report on Monday, January 27th. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Barclays upped their target price on shares of Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th.

Dana Stock Down 0.5 %

Dana stock traded down $0.08 on Monday, hitting $16.32. 2,052,884 shares of the stock traded hands, compared to its average volume of 1,665,003. Dana has a 1 year low of $7.58 and a 1 year high of $16.90. The firm has a market cap of $2.37 billion, a P/E ratio of -148.36, a price-to-earnings-growth ratio of 0.75 and a beta of 2.33. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The business's fifty day simple moving average is $13.57 and its 200 day simple moving average is $11.40.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. As a group, sell-side analysts forecast that Dana will post 0.84 earnings per share for the current year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Dana's dividend payout ratio is currently -363.60%.

Institutional Trading of Dana

Several hedge funds have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC purchased a new stake in Dana in the 3rd quarter worth approximately $2,687,000. JB Capital Partners LP increased its stake 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 in the last quarter. GAMMA Investing LLC raised 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 valued at $31,000 after purchasing an additional 1,464 shares during the period. Yousif Capital Management LLC boosted its holdings in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock worth $657,000 after buying an additional 1,130 shares during the period. Finally, Versant Capital Management Inc increased its stake in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after buying an additional 2,234 shares in 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.