Dana Incorporated (NYSE:DAN) Receives $18.50 Average Target Price from Analysts

Dana Incorporated (NYSE:DAN) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.50.

Several equities analysts have recently issued reports on the stock. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Barclays raised their price target on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th.

Dana Stock Down 2.1 %

NYSE:DAN opened at $14.17 on Friday. The stock has a 50-day simple moving average of $14.63 and a 200 day simple moving average of $11.91. Dana has a one year low of $7.58 and a one year high of $16.90. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -36.32, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. Sell-side analysts predict that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.82%. Dana’s payout ratio is currently -102.56%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its position in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after acquiring an additional 1,130 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after purchasing an additional 3,368 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares in the last quarter. Institutional investors and hedge funds 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.