Dana (NYSE:DAN) Shares Gap Up – Time to Buy?

Dana Incorporated (NYSE:DAN) gapped up before the market opened on Tuesday . The stock had previously closed at $8.88, but opened at $9.25. Dana shares last traded at $9.38, with a volume of 634,790 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAN. Wolfe Research began coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. Wells Fargo & Company decreased their price objective on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. Barclays reduced their target price on Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.50.

Dana Stock Up 6.0 %

The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -91.45, a P/E/G ratio of 0.86 and a beta of 2.30. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $11.17.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts anticipate that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, November 8th. Dana’s dividend payout ratio (DPR) is presently -363.60%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter worth approximately $2,687,000. Rhumbline Advisers raised its position in shares of 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 acquiring an additional 5,468 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dana during the 2nd quarter valued at $388,000. Entropy Technologies LP bought a new stake in shares of Dana during the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P bought a new stake in shares of Dana during the 3rd quarter valued at $346,000. Institutional investors own 96.79% of the company’s stock.

Dana Company Profile

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.