Dana (NYSE:DAN) Stock Price Up 7.3% – Should You Buy?

Dana Incorporated (NYSE:DAN) shares were up 7.3% on Tuesday . The stock traded as high as $12.25 and last traded at $12.16. Approximately 2,698,819 shares traded hands during trading, an increase of 85% from the average daily volume of 1,456,750 shares. The stock had previously closed at $11.33.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $12.00 price objective on shares of Dana in a research report on Tuesday, September 10th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $16.00 in a research report on Tuesday. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Wolfe Research assumed coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.86.

Dana Stock Up 6.8 %

The company has a market capitalization of $1.75 billion, a PE ratio of -102.95, a price-to-earnings-growth ratio of 0.97 and a beta of 2.36. The company’s fifty day moving average is $9.71 and its 200-day moving average is $11.07. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 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 firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, analysts predict that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. Dana’s dividend payout ratio (DPR) is -363.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter valued at approximately $250,000. Martingale Asset Management L P purchased a new stake in shares of Dana in the third quarter valued at $346,000. SG Americas Securities LLC purchased a new stake in shares of Dana in the second quarter valued at $388,000. Segall Bryant & Hamill LLC purchased a new position in shares of Dana during the 3rd quarter worth about $2,687,000. Finally, Rhumbline Advisers grew its holdings in Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.