Dana (NYSE:DAN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Dana Incorporated (NYSE:DAN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.62 and traded as high as $16.78. Dana shares last traded at $16.34, with a volume of 1,521,692 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Barclays lifted their price objective on shares of Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Royal Bank of Canada lifted their price objective on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $16.00 in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.14.

Dana Stock Up 4.6%

The business’s 50 day moving average is $13.16 and its 200-day moving average is $12.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market cap of $2.38 billion, a PE ratio of -41.90, a P/E/G ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. As a group, analysts predict that Dana Incorporated will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Dana’s dividend payout ratio is currently -166.67%.

Institutional Trading of Dana

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted 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 worth $31,000 after buying an additional 1,464 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after buying an additional 3,732 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Dana during the 1st quarter worth approximately $146,000. SG Americas Securities LLC lifted its position in shares of Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after buying an additional 1,662 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after buying an additional 3,368 shares during the last quarter. Hedge funds and other 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.