Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Moderate Buy” by Analysts

Dana Incorporated (NYSE:DAN) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.50.

Several equities research analysts recently commented on DAN shares. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Wednesday. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th.

Dana Stock Performance

NYSE DAN opened at $14.51 on Friday. The firm’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $11.94. The stock has a market cap of $2.10 billion, a PE ratio of -37.19, a PEG ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90.

Dana (NYSE:DAN) last issued its earnings results 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. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.33 billion. On average, equities analysts expect that Dana will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be paid 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 2.76%. Dana’s dividend payout ratio is currently -102.56%.

Hedge Funds Weigh In On Dana

Several institutional investors have recently added to or reduced their stakes in DAN. State of Tennessee Department of Treasury increased its stake in shares of Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 3,368 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Dana by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock worth $914,000 after purchasing an additional 4,531 shares during the period. Sterling Capital Management LLC increased its stake in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dana by 1.9% during the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after purchasing an additional 17,569 shares during the period. Finally, JB Capital Partners LP boosted its position in shares of Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after purchasing an additional 407,000 shares in the last quarter. 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.