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

Dana logo with Auto/Tires/Trucks background

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.14.

Several research analysts have recently weighed in on the company. Wells Fargo & Company raised Dana from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays boosted their target price on shares of Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday. Finally, StockNews.com lowered shares of Dana from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th.

Get Our Latest Stock Analysis on DAN

Dana Price Performance

Dana stock opened at $14.60 on Friday. The stock's 50 day moving average is $13.10 and its 200 day moving average is $12.40. Dana has a one year low of $7.58 and a one year high of $16.90. The firm has a market cap of $2.13 billion, a P/E ratio of -37.43, a P/E/G ratio of 0.72 and a beta of 2.26. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The company's revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, research analysts expect that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.74%. Dana's payout ratio is currently -102.56%.

Institutional Trading of Dana

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after purchasing an additional 2,234 shares during the last quarter. 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 in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Dana by 829.3% in 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 bought a new position in shares of Dana in the first quarter valued at approximately $146,000. Finally, SG Americas Securities LLC increased its position in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after acquiring an additional 1,662 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

About Dana

(Get Free Report

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.

See Also

Analyst Recommendations for Dana (NYSE:DAN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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