Dana Incorporated (NYSE:DAN) Given Average Rating of “Moderate Buy” by Brokerages

Dana Incorporated (NYSE:DAN) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Two equities research 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 brokers that have updated their coverage on the stock in the last year is $18.86.

DAN has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $16.00 in a research report on Monday.

Institutional Trading of Dana

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

Dana Stock Up 2.2 %

DAN opened at $16.51 on Thursday. The firm has a market cap of $2.39 billion, a P/E ratio of -150.09 and a beta of 2.31. 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 50 day moving average price of $12.02 and a 200 day moving average price of $10.96. Dana has a twelve month low of $7.58 and a twelve month high of $16.64.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Dana’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Dana will post 0.85 EPS for the current year.

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.