Brokerages Set Dana Incorporated (NYSE:DAN) PT at $16.14

Dana Incorporated (NYSE:DAN) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.14.

Several research analysts have weighed in on the company. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut 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.

Institutional Trading of Dana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC bought a new stake in Dana during the third quarter worth about $2,687,000. JB Capital Partners LP raised its holdings in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after acquiring an additional 128,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares in the last quarter. Versant Capital Management Inc raised its holdings in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Dana during the third quarter worth about $250,000. Institutional investors own 96.79% of the company’s stock.

Dana Stock Up 14.6 %

NYSE DAN opened at $15.16 on Thursday. The stock has a fifty day moving average of $11.53 and a 200-day moving average of $10.87. The stock has a market capitalization of $2.20 billion, a P/E ratio of -137.82 and a beta of 2.31. Dana has a 52 week low of $7.58 and a 52 week high of $16.11. 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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities research analysts forecast that Dana will post 0.85 EPS for the current year.

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.