Dana Incorporated (NYSE:DAN) Receives $32.17 Average Target Price from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.1667.

A number of analysts have recently issued reports on DAN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. Royal Bank Of Canada raised their price target on Dana from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 price objective on shares of Dana in a research note on Thursday, January 22nd. Finally, Barclays upped their price objective on shares of Dana from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd.

Institutional Investors Weigh In On Dana

A number of institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in Dana during the 2nd quarter valued at about $25,000. Rhumbline Advisers increased its holdings in Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after acquiring an additional 8,787 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Dana by 6.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock worth $3,333,000 after buying an additional 11,711 shares during the period. Loomis Sayles & Co. L P boosted its stake in Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after purchasing an additional 44,010 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Dana in the 2nd quarter valued at $176,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Up 4.4%

NYSE:DAN opened at $31.73 on Monday. The firm’s 50 day moving average is $25.80 and its 200 day moving average is $21.74. Dana has a 12 month low of $10.11 and a 12 month high of $31.81. The stock has a market capitalization of $3.71 billion, a PE ratio of 70.51, a price-to-earnings-growth ratio of 1.29 and a beta of 2.14. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.