Dana Incorporated (NYSE:DAN) Receives $15.29 Average Target Price from Brokerages

Dana Incorporated (NYSE:DAN) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.29.

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wolfe Research assumed coverage on Dana in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. decreased their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd.

Dana Trading Up 0.8 %

Shares of DAN opened at $11.56 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. Dana has a 12 month low of $7.58 and a 12 month high of $14.89. The stock has a market cap of $1.68 billion, a PE ratio of -105.08, a P/E/G ratio of 1.26 and a beta of 2.36. The stock’s 50-day moving average is $10.28 and its two-hundred day moving average is $10.84.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, November 8th. Dana’s dividend payout ratio is presently -363.64%.

Institutional Investors Weigh In On Dana

Institutional investors have recently modified their holdings of the business. Entropy Technologies LP acquired a new position in Dana in the third quarter valued at approximately $250,000. Martingale Asset Management L P acquired a new position in Dana during the 3rd quarter valued at approximately $346,000. SG Americas Securities LLC boosted its position in Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the period. Segall Bryant & Hamill LLC bought a new position in Dana during the 3rd quarter worth $2,687,000. Finally, Rhumbline Advisers increased its position in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the period. 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.