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

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.43.

DAN has been the topic of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $24.00 price target (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Barclays reiterated an "overweight" rating and set a $25.00 target price (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $22.00 price objective (up previously from $20.00) on shares of Dana in a research report on Friday, June 13th.

Dana Stock Performance

DAN traded down $0.43 during trading on Friday, hitting $16.66. The stock had a trading volume of 2,421,426 shares, compared to its average volume of 1,767,668. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. The company has a 50 day moving average price of $15.62 and a 200-day moving average price of $14.23. Dana has a one year low of $7.58 and a one year high of $18.03. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -69.42, a P/E/G ratio of 1.08 and a beta of 2.11.

Dana (NYSE:DAN - Get Free Report) last announced its 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 negative net margin of 0.35% and a positive return on equity of 7.96%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $0.02 EPS. The company's revenue was down 14.0% compared to the same quarter last year. As a group, research analysts predict that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

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

Institutional Investors Weigh In On Dana

A number of hedge funds have recently made changes to their positions in DAN. JB Capital Partners LP lifted its stake in Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after purchasing an additional 20,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock valued at $10,822,000 after acquiring an additional 17,569 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Dana in the 4th quarter valued at $9,498,000. Cibc World Markets Corp boosted its holdings in shares of Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock valued at $7,944,000 after acquiring an additional 12,220 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in Dana by 11.5% during the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after acquiring an additional 32,241 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.