Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $15.29

Dana Incorporated (NYSE:DAN) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on 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 brokerages have weighed in on DAN. Wells Fargo & Company raised their target price on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. Finally, Wolfe Research initiated coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company.

Dana Trading Down 2.5 %

NYSE DAN opened at $11.27 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1.63 billion, a P/E ratio of -102.45, a PEG ratio of 1.26 and a beta of 2.36. Dana has a 12 month low of $7.58 and a 12 month high of $14.44. The business has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.85.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, analysts predict that Dana will post 0.85 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s dividend payout ratio is currently -363.64%.

Institutional Trading of Dana

Several hedge funds have recently modified their holdings of DAN. Rhumbline Advisers boosted its holdings in Dana by 1.3% during 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 in the last quarter. Entropy Technologies LP purchased a new stake in shares of Dana during the 3rd quarter worth about $250,000. SG Americas Securities LLC grew its position in shares of 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 acquiring an additional 26,225 shares during the period. Martingale Asset Management L P purchased a new position in shares of Dana in the 3rd quarter valued at about $346,000. Finally, JB Capital Partners LP increased its stake in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.