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

Shares of Dana Incorporated (NYSE:DAN) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation 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.

A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wolfe Research began coverage on shares of Dana in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a report on Tuesday, September 10th.

Institutional Trading of Dana

Large investors have recently modified their holdings of the stock. JB Capital Partners LP lifted its holdings 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 worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Dana in the 3rd quarter worth $2,687,000. SG Americas Securities LLC lifted its holdings in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Dana in the 3rd quarter worth $346,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Down 2.6 %

Dana stock opened at $8.13 on Friday. The company’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $11.44. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $15.07. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -73.86, a PEG ratio of 0.83 and a beta of 2.30. 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 (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $0.30 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dana will post 0.85 EPS for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio is presently -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.