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

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.57.

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

Dana Price Performance

DAN stock traded up $0.08 during trading on Wednesday, hitting $16.79. The stock had a trading volume of 652,373 shares, compared to its average volume of 1,703,842. Dana has a 1-year low of $7.58 and a 1-year high of $17.25. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -43.05, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07. The company's 50 day moving average price is $13.75 and its two-hundred day moving average price is $13.26. 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 (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Dana's quarterly revenue was down 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. Dana's dividend payout ratio is presently -166.67%.

Hedge Funds Weigh In On Dana

Hedge funds have recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new position in Dana in the 4th quarter valued at $9,498,000. JB Capital Partners LP grew its position in Dana by 28.6% during the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after buying an additional 407,000 shares during the period. Segall Bryant & Hamill LLC bought a new position in Dana during the first quarter valued at about $2,434,000. Great Lakes Advisors LLC increased its holdings in Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after buying an additional 142,850 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after acquiring an additional 85,039 shares during the period. 96.79% of the stock is currently owned by institutional investors.

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.