Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of “Hold” by Brokerages

Dana Incorporated (NYSE:DAN) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.86.

A number of brokerages recently issued reports on DAN. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $18.00 in a research report on Monday. Wells Fargo & Company cut their price objective on shares of Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Wolfe Research began coverage on shares of Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DAN. Entropy Technologies LP bought a new position in Dana during the third quarter worth $250,000. Martingale Asset Management L P acquired a new position in Dana in the 3rd quarter valued at about $346,000. SG Americas Securities LLC bought a new position in Dana in the 2nd quarter valued at about $388,000. Segall Bryant & Hamill LLC acquired a new stake in Dana during the third quarter worth approximately $2,687,000. Finally, Rhumbline Advisers boosted its holdings in shares of Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after acquiring an additional 5,468 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Price Performance

Shares of DAN stock opened at $12.10 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. Dana has a 12-month low of $7.58 and a 12-month high of $15.07. The firm has a fifty day moving average of $9.74 and a 200-day moving average of $11.06. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -109.99, a price-to-earnings-growth ratio of 1.10 and a beta of 2.36.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Dana will post 0.85 earnings per share for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.31%. Dana’s dividend payout ratio (DPR) is currently -363.60%.

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.