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

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.43.

A number of analysts have recently issued reports on the company. Barclays restated an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Royal Bank Of Canada reiterated an "outperform" rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. UBS Group reiterated a "buy" rating and set a $22.00 price objective (up from $20.00) on shares of Dana in a report on Friday, June 13th. Wells Fargo & Company reiterated a "buy" rating on shares of Dana in a report on Thursday, June 12th. Finally, Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Dana Stock Performance

Shares of NYSE DAN opened at $17.22 on Friday. The stock has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $14.15. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a market cap of $2.51 billion, a P/E ratio of -71.75, a PEG ratio of 1.10 and a beta of 2.11. Dana has a 1 year low of $7.58 and a 1 year high of $18.03.

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 for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The business's revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. Research analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.32%. Dana's dividend payout ratio (DPR) is currently -166.67%.

Hedge Funds Weigh In On Dana

Institutional investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P acquired a new stake in shares of Dana in the fourth quarter valued at about $9,498,000. JB Capital Partners LP grew its position in shares of Dana by 28.6% in 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 purchasing an additional 407,000 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the first quarter valued at about $2,434,000. Great Lakes Advisors LLC grew its position in shares of Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock valued at $3,246,000 after purchasing an additional 142,850 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of 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 valued at $1,138,000 after purchasing an additional 85,039 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.

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