Dana Incorporated (NYSE:DAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Dana Incorporated (NYSE:DAN) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.14.

Several brokerages have commented on DAN. Wells Fargo & Company increased their price target on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. UBS Group upgraded shares of Dana from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $18.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th.

Dana Stock Down 2.2 %

Dana stock opened at $13.33 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a 1-year low of $7.58 and a 1-year high of $14.22. The firm’s fifty day simple moving average is $11.29 and its 200-day simple moving average is $10.83. The company has a market capitalization of $1.93 billion, a P/E ratio of -121.13 and a beta of 2.31.

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

Institutional Trading of Dana

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the period. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter worth about $250,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana during the 3rd quarter valued at about $2,687,000. JB Capital Partners LP raised its position in Dana by 9.9% in the third 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 in the last quarter. Finally, Martingale Asset Management L P acquired a new position in Dana in the third quarter worth about $346,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.