Dana Incorporated (NYSE:DAN - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.25.
Several research analysts have weighed in on DAN shares. Royal Bank of Canada raised their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Friday, February 21st. UBS Group decreased their price target on Dana from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. StockNews.com lowered Dana from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Barclays upped their price target on Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th.
Read Our Latest Report on DAN
Dana Stock Up 1.7 %
Shares of NYSE:DAN traded up $0.19 during trading on Tuesday, hitting $10.82. The company's stock had a trading volume of 1,964,016 shares, compared to its average volume of 1,638,345. The company has a market capitalization of $1.58 billion, a PE ratio of -27.73, a PEG ratio of 0.72 and a beta of 2.26. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The stock's 50-day moving average price is $14.21 and its two-hundred day moving average price is $12.24.
Dana (NYSE:DAN - Get Free Report) last announced its 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 positive return on equity of 6.70% and a negative net margin of 0.55%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, sell-side analysts expect that Dana will post 1.5 EPS for the current year.
Dana Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.70%. Dana's dividend payout ratio is currently -102.56%.
Institutional Investors Weigh In On Dana
Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 2,234 shares during the period. GAMMA Investing LLC boosted its stake in 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. Sterling Capital Management LLC grew its position in 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 purchasing an additional 3,732 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after purchasing an additional 3,368 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after buying an additional 1,130 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.
Dana Company Profile
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Get Free ReportDana 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.
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