Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $14.67

Shares of Dana Incorporated (NYSE:DAN) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

DAN has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company lowered Dana from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $13.00 to $9.00 in a research note on Friday, September 20th. Barclays upped their target price on Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Wolfe Research started coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock.

Dana Trading Up 3.3 %

DAN stock opened at $10.50 on Friday. The firm has a fifty day moving average price of $10.89 and a 200 day moving average price of $12.08. Dana has a fifty-two week low of $9.16 and a fifty-two week high of $15.27. The firm has a market cap of $1.52 billion, a PE ratio of 116.61, a price-to-earnings-growth ratio of 0.49 and a beta of 2.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48.

Dana (NYSE:DAN) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. Sell-side analysts anticipate that Dana will post 0.98 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, August 9th. Dana’s payout ratio is 444.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAN. Cibc World Markets Corp increased its holdings in shares of Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after acquiring an additional 375,000 shares during the period. Rhumbline Advisers lifted 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 valued at $5,170,000 after purchasing an additional 5,468 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Dana in the second quarter valued at approximately $388,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.