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

Dana Incorporated (NYSE:DAN) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.50.

DAN has been the subject of a number of research reports. Royal Bank of Canada increased their price objective on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, Barclays lifted their target price on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th.

Dana Trading Down 3.4 %

NYSE DAN opened at $13.63 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of -34.94, a P/E/G ratio of 0.72 and a beta of 2.42. 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 stock’s 50-day moving average is $14.47 and its 200-day moving average is $11.83. Dana has a one year low of $7.58 and a one year high of $16.90.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. Sell-side analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.94%. Dana’s payout ratio is currently -102.56%.

Hedge Funds Weigh In On Dana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. GAMMA Investing LLC raised its holdings in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares in the last quarter. Versant Capital Management Inc raised its holdings in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 3,732 shares in the last quarter. Entropy Technologies LP acquired a new position in Dana in the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P acquired a new position in Dana in the 3rd quarter valued at $346,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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.