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

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.1667.

DAN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th. UBS Group upped their price objective on Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Barclays increased their price objective on Dana from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $36.00 target price on shares of Dana in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd.

Dana Stock Up 0.5%

DAN stock opened at $30.29 on Monday. The stock has a market capitalization of $3.54 billion, a PE ratio of 67.31, a price-to-earnings-growth ratio of 1.28 and a beta of 2.14. The company has a fifty day moving average of $25.46 and a 200-day moving average of $21.57. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31. Dana has a one year low of $10.11 and a one year high of $31.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of Dana by 96.7% during the 4th quarter. SG Americas Securities LLC now owns 47,902 shares of the auto parts company’s stock worth $1,138,000 after acquiring an additional 23,549 shares in the last quarter. GAMMA Investing LLC raised its holdings in Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 439 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Dana by 1,706.3% during the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after purchasing an additional 201,344 shares in the last quarter. Horizon Investments LLC purchased a new stake in Dana during the third quarter worth $553,000. Finally, Entropy Technologies LP grew its holdings in Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 27,116 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Dana

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.