Dana (NYSE:DAN) Stock Crosses Above 200 Day Moving Average - What's Next?

Dana Incorporated (NYSE:DAN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.57 and traded as high as $17.72. Dana shares last traded at $17.25, with a volume of 3,150,813 shares changing hands.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 price target (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $25.00 target price (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. UBS Group reissued a "buy" rating and set a $22.00 target price (up from $20.00) on shares of Dana in a research note on Friday, June 13th. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Dana presently has a consensus rating of "Moderate Buy" and an average target price of $20.43.

Dana Stock Down 2.4%

The company has a market cap of $2.45 billion, a price-to-earnings ratio of -70.13, a price-to-earnings-growth ratio of 1.08 and a beta of 2.09. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The firm's fifty day moving average price is $16.74 and its 200-day moving average price is $14.68.

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 for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $0.02 earnings per share. Dana's revenue for the quarter was down 14.0% on a year-over-year basis. Sell-side analysts predict that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. Dana's dividend payout ratio is -166.67%.

Institutional Investors Weigh In On Dana

A number of institutional investors and hedge funds have recently modified their holdings of DAN. Loomis Sayles & Co. L P bought a new stake in shares of Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP raised its holdings in shares of Dana by 28.6% in the 4th 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 period. Segall Bryant & Hamill LLC bought a new stake in shares of Dana in the 1st quarter valued at about $2,434,000. Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% in 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 during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Dana by 27,790.5% in the 1st 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 period. 96.79% of the stock is 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.