Dana Incorporated (NYSE:DAN) Receives $18.86 Average PT from Brokerages

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

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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 report on Monday, January 27th. Barclays lifted their target price on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.00 to $16.00 in a report on Monday, January 27th.

Institutional Trading of Dana

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares during the period. Sterling Capital Management LLC grew its position in shares of Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after buying an additional 3,732 shares during the last quarter. Entropy Technologies LP purchased a new position in Dana during the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P purchased a new position in shares of Dana during the third quarter valued at about $346,000. 96.79% of the stock is owned by institutional investors.

Dana Price Performance

Dana stock opened at $15.71 on Monday. The stock has a 50-day moving average price of $13.70 and a two-hundred day moving average price of $11.48. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Dana has a 12 month low of $7.58 and a 12 month high of $16.90. The company has a market capitalization of $2.28 billion, a PE ratio of -40.29, a P/E/G ratio of 0.72 and a beta of 2.33.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Analysts expect that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, February 28th. Dana’s dividend payout ratio (DPR) is -102.56%.

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.