Dana (NYSE:DAN) Hits New 52-Week High - Still a Buy?

Dana Incorporated (NYSE:DAN - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $17.25 and last traded at $17.16, with a volume of 983940 shares. The stock had previously closed at $16.47.

Wall Street Analysts Forecast Growth

DAN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company increased their target price on shares of Dana from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Royal Bank of Canada upgraded shares of Dana from a "hold" rating to a "moderate buy" rating and lifted their price target for the stock from $14.00 to $20.00 in a research report on Thursday, May 22nd. Barclays upped their price target on Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group raised their price objective on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dana has a consensus rating of "Moderate Buy" and a consensus target price of $18.57.

Dana Stock Up 4.9%

The firm has a market cap of $2.52 billion, a PE ratio of -44.27, a P/E/G ratio of 0.72 and a beta of 2.11. 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 business has a fifty day moving average price of $14.00 and a two-hundred day moving average price of $13.54.

Dana (NYSE:DAN - Get Free Report) last released its earnings results 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 business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company's revenue was down 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. On average, analysts anticipate that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. Dana's payout ratio is -166.67%.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently made changes to their positions in DAN. Yousif Capital Management LLC lifted its stake in 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 acquiring an additional 1,130 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% during the 4th 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 in the last quarter. Cibc World Markets Corp lifted its stake in shares of Dana by 1.8% in 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 purchasing an additional 12,220 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Dana in the fourth quarter worth $9,498,000. Finally, JB Capital Partners LP boosted its holdings in 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 worth $21,181,000 after purchasing an additional 407,000 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other 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.

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