Dana Incorporated (DAN) Receives Average Recommendation of “Hold” from Analysts

Dana Incorporated (NYSE:DAN) has received an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.33.

A number of research analysts recently issued reports on DAN shares. BidaskClub upgraded Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 price objective on shares of Dana in a report on Thursday, October 5th. Barclays PLC set a $28.00 price objective on Dana and gave the stock a “hold” rating in a report on Friday. Finally, UBS AG downgraded Dana to a “neutral” rating in a report on Thursday, July 13th.

Shares of Dana (DAN) traded up 0.17% during midday trading on Friday, hitting $29.27. The stock had a trading volume of 820,102 shares. Dana has a one year low of $14.53 and a one year high of $29.64. The firm’s 50-day moving average is $27.18 and its 200 day moving average is $23.00. The company has a market capitalization of $4.23 billion, a PE ratio of 6.21 and a beta of 1.56.

Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.17. The business had revenue of $18.40 million during the quarter, compared to the consensus estimate of $1.67 billion. Dana had a return on equity of 30.79% and a net margin of 10.80%. Dana’s quarterly revenue was down 98.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Equities analysts expect that Dana will post $2.35 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of DAN. UBS Asset Management Americas Inc. boosted its position in Dana by 14.1% during the first quarter. UBS Asset Management Americas Inc. now owns 118,866 shares of the auto parts company’s stock valued at $2,295,000 after purchasing an additional 14,723 shares during the last quarter. KBC Group NV boosted its position in Dana by 47.3% during the first quarter. KBC Group NV now owns 14,503 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 4,656 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Dana by 19.2% during the first quarter. OppenheimerFunds Inc. now owns 75,958 shares of the auto parts company’s stock valued at $1,467,000 after purchasing an additional 12,255 shares during the last quarter. Principal Financial Group Inc. boosted its position in Dana by 3.2% during the first quarter. Principal Financial Group Inc. now owns 594,304 shares of the auto parts company’s stock valued at $11,476,000 after purchasing an additional 18,158 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Dana by 3.2% during the first quarter. Advantus Capital Management Inc now owns 18,439 shares of the auto parts company’s stock valued at $356,000 after purchasing an additional 564 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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About Dana

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

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