Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of 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. Royal Bank of Canada upped their price target on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Dana from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group lifted their price target on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th.

Dana Price Performance

Shares of DAN opened at $14.51 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -37.19, a PEG ratio of 0.72 and a beta of 2.42. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The company’s fifty day simple moving average is $14.75 and its 200 day simple moving average is $11.94. Dana has a 1-year low of $7.58 and a 1-year 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, beating analysts’ consensus estimates of $0.10 by $0.15. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. On average, research analysts forecast that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company 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 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 -102.56%.

Hedge Funds Weigh In On Dana

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Dana by 118.3% during the 4th 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% 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 purchasing an additional 2,234 shares in the last quarter. Sterling Capital Management LLC increased its stake 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 valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Dana during the 3rd quarter worth $250,000. Finally, Martingale Asset Management L P bought a new stake in shares of Dana during the 3rd quarter worth $346,000. 96.79% of the stock is owned by institutional investors.

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.