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

Dana Incorporated (NYSE:DAN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.50.

DAN has been the topic of a number of recent analyst reports. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded Dana from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $10.00 to $16.00 in a research report on Monday, January 27th. UBS Group increased their target price on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

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Dana Stock Up 0.5 %

Dana stock traded up $0.07 during mid-day trading on Friday, reaching $14.44. The company's stock had a trading volume of 1,411,928 shares, compared to its average volume of 1,552,408. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana has a 12 month low of $7.58 and a 12 month high of $16.90. The business's 50 day simple moving average is $14.53 and its 200 day simple moving average is $11.87. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -37.03, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42.

Dana (NYSE:DAN - Get Free Report) last released 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 business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. As a group, research analysts anticipate that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.77%. Dana's payout ratio is presently -102.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DAN. Loomis Sayles & Co. L P bought a new stake in shares of Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP lifted its stake in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after acquiring an additional 407,000 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Dana in the third quarter valued at approximately $2,687,000. Great Lakes Advisors LLC increased its position in Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock valued at $3,246,000 after purchasing an additional 142,850 shares during the period. Finally, Martingale Asset Management L P bought a new position in Dana during the 3rd quarter worth approximately $346,000. Institutional investors and hedge funds 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.