Dana Incorporated (NYSE:DAN) Given Average Rating of "Moderate Buy" by Brokerages

Dana Incorporated (NYSE:DAN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.57.

A number of equities analysts have issued reports on the company. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group increased their price target on Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on Dana from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays raised their price objective on Dana from $17.00 to $20.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Royal Bank of Canada raised Dana from a "hold" rating to a "moderate buy" rating and raised their price objective for the stock from $14.00 to $20.00 in a research note on Thursday, May 22nd.

Dana Stock Performance

DAN stock traded down $0.11 on Wednesday, reaching $16.66. The company's stock had a trading volume of 1,338,403 shares, compared to its average volume of 1,706,365. The firm has a fifty day moving average of $13.79 and a two-hundred day moving average of $13.38. 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 capitalization of $2.43 billion, a P/E ratio of -42.72, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07. Dana has a 52 week low of $7.58 and a 52 week high of $17.25.

Dana (NYSE:DAN - Get Free Report) 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). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business's revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. As a group, analysts predict that Dana will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. Dana's dividend payout ratio is presently -166.67%.

Institutional Trading of Dana

A number of hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC lifted its holdings in shares of Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 1,130 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after purchasing an additional 1,662 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 3,732 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Dana by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock valued at $914,000 after purchasing an additional 4,531 shares in the last quarter. Hedge funds and other 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.