Dana Incorporated (NYSE:DAN) Given Average Rating of “Moderate Buy” by Brokerages

Dana Incorporated (NYSE:DAN) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.29.

Several equities research analysts have recently weighed in on DAN shares. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and increased their price objective for the company from $9.00 to $19.00 in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Wolfe Research assumed coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company.

Institutional Trading of Dana

Hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC purchased a new position in Dana in the third quarter worth $2,687,000. JB Capital Partners LP grew its stake in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares during the period. Rhumbline Advisers increased its holdings in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Dana in the third quarter valued at about $250,000. Finally, Martingale Asset Management L P purchased a new stake in Dana during the third quarter worth about $346,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Down 0.8 %

DAN stock opened at $11.71 on Friday. The company’s 50 day moving average is $10.24 and its two-hundred day moving average is $10.90. Dana has a twelve month low of $7.58 and a twelve month high of $14.96. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1.70 billion, a P/E ratio of -106.44, a PEG ratio of 1.26 and a beta of 2.36.

Dana (NYSE:DAN) last released its quarterly earnings data 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 negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue was down 7.2% on a year-over-year basis. Research analysts expect that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s payout ratio is -363.64%.

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.