Dana (NYSE:DAN) Given New $18.00 Price Target at Oppenheimer

Dana (NYSE:DAN) had its price target raised by Oppenheimer from $17.00 to $18.00 in a report published on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays dropped their price target on shares of Dana from $16.00 to $15.00 and set an equal weight rating on the stock in a research note on Wednesday, February 28th. JPMorgan Chase & Co. dropped their price target on shares of Dana from $19.00 to $18.00 and set an overweight rating on the stock in a research note on Monday, February 26th. Finally, Wells Fargo & Company dropped their price target on shares of Dana from $14.00 to $13.00 and set an equal weight rating on the stock in a research note on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana currently has a consensus rating of Hold and an average target price of $16.67.

Dana Stock Down 0.1 %

Shares of DAN opened at $13.31 on Wednesday. The firm has a market cap of $1.93 billion, a PE ratio of 147.91, a price-to-earnings-growth ratio of 0.50 and a beta of 2.46. The company’s fifty day moving average is $12.37 and its two-hundred day moving average is $12.98. Dana has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 1.61.

Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. Analysts forecast that Dana will post 0.75 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 9th. Dana’s dividend payout ratio is presently 444.49%.

Institutional Investors Weigh In On Dana

A number of institutional investors have recently modified their holdings of DAN. SG Americas Securities LLC bought a new stake in shares of Dana during the 3rd quarter valued at about $567,000. Strs Ohio grew its position in shares of Dana by 1.6% during the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock valued at $850,000 after buying an additional 900 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock valued at $976,000 after purchasing an additional 32,163 shares during the period. Neo Ivy Capital Management acquired a new position in Dana during the 3rd quarter valued at about $1,602,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after purchasing an additional 176,778 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.