Shares of Dana Incorporated (NYSE:DAN) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $23.50.

A number of equities analysts recently commented on the company. Buckingham Research lifted their price target on Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. CLSA assumed coverage on Dana in a report on Thursday, June 22nd. They set a “buy” rating and a $27.00 price target for the company. Susquehanna Bancshares Inc cut Dana from a “neutral” rating to a “negative” rating and set a $19.00 price target for the company. in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, July 27th.

COPYRIGHT VIOLATION NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/08/dana-incorporated-nysedan-given-average-recommendation-of-hold-by-brokerages.html.

Dana (DAN) traded up 0.94% on Tuesday, reaching $24.62. 1,293,283 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $22.79 and a 200 day moving average price of $20.41. The firm has a market cap of $3.56 billion, a PE ratio of 5.22 and a beta of 1.49. Dana has a one year low of $13.05 and a one year high of $25.10.

Dana (NYSE:DAN) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.17. Dana had a return on equity of 30.79% and a net margin of 10.80%. The business had revenue of $18.40 million during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $0.53 earnings per share. Dana’s quarterly revenue was down 98.8% on a year-over-year basis. On average, equities analysts anticipate that Dana will post $2.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s dividend payout ratio is presently 5.10%.

Several large investors have recently modified their holdings of DAN. Strs Ohio raised its position in shares of Dana by 88.7% in the first quarter. Strs Ohio now owns 73,600 shares of the auto parts company’s stock valued at $1,421,000 after buying an additional 34,600 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Dana by 620.1% in the first quarter. BNP Paribas Arbitrage SA now owns 381,384 shares of the auto parts company’s stock valued at $7,365,000 after buying an additional 328,425 shares during the last quarter. TFS Capital LLC purchased a new position in shares of Dana during the first quarter valued at $1,219,000. Louisiana State Employees Retirement System raised its position in shares of Dana by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 36,400 shares of the auto parts company’s stock valued at $703,000 after buying an additional 800 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Dana by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 244,585 shares of the auto parts company’s stock valued at $4,642,000 after buying an additional 5,623 shares during the period. Institutional investors own 97.01% of the company’s stock.

Dana Company Profile

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.

Analyst Recommendations for Dana (NYSE:DAN)

Receive News & Ratings for Dana Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.