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

Dana Incorporated (NYSE:DAN) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. StockNews.com raised shares of Dana from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Barclays raised their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares during the period. GAMMA Investing LLC lifted its holdings in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares in the last quarter. Yousif Capital Management LLC boosted its stake 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 purchasing an additional 1,130 shares during the period. Great Lakes Advisors LLC grew its holdings 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 buying an additional 142,850 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Stock Down 3.6 %

DAN opened at $10.86 on Tuesday. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The firm has a market capitalization of $1.58 billion, a P/E ratio of -27.83, a PEG ratio of 0.72 and a beta of 2.26. The company’s 50-day moving average is $14.82 and its 200 day moving average is $12.24. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. Research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 28th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, February 28th. Dana’s payout ratio is currently -102.56%.

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.