Analysts Set Dana Incorporated (NYSE:DAN) Price Target at $12.83

Dana Incorporated (NYSE:DAN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.50.

Several analysts recently commented on the company. 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. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. Finally, Wells Fargo & Company cut their price target on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st.

Institutional Investors Weigh In On Dana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Entropy Technologies LP purchased a new stake in Dana in the 3rd quarter valued at $250,000. SG Americas Securities LLC purchased a new stake in shares of Dana during the 2nd quarter valued at $388,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the 3rd quarter valued at $2,687,000. Finally, Rhumbline Advisers increased 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 purchasing an additional 5,468 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Up 0.6 %

DAN stock opened at $8.55 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The company has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $11.57. Dana has a one year low of $7.58 and a one year high of $15.07. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -77.82, a price-to-earnings-growth ratio of 0.81 and a beta of 2.30.

Dana (NYSE:DAN) last released 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). The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Dana will post 0.87 EPS for the current year.

Dana Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s payout ratio is currently -363.64%.

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.