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

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.14.

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their target price on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. lowered their target price on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $19.00 in a report on Monday, December 9th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

Dana Stock Down 2.2 %

Shares of NYSE DAN opened at $13.33 on Thursday. Dana has a 52-week low of $7.58 and a 52-week high of $14.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The business has a fifty day moving average of $11.29 and a two-hundred day moving average of $10.83. The stock has a market cap of $1.93 billion, a PE ratio of -121.13 and a beta of 2.31.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm 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%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc raised its stake 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 buying an additional 2,234 shares during the last quarter. Entropy Technologies LP bought a new position in Dana in the third quarter valued at approximately $250,000. Martingale Asset Management L P acquired a new stake in Dana during the 3rd quarter worth $346,000. Finally, SG Americas Securities LLC raised its position in shares of Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after acquiring an additional 26,225 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.