Dana Incorporated (NYSE:DAN) Receives $15.29 Consensus Price Target from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.29.

A number of brokerages recently commented on DAN. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their target price for the company from $9.00 to $19.00 in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. JPMorgan Chase & Co. reduced 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. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, Wolfe Research began coverage on Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP bought a new stake in Dana in the third quarter worth about $250,000. Martingale Asset Management L P acquired a new position in shares of Dana in the 3rd quarter worth approximately $346,000. SG Americas Securities LLC increased its holdings in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after buying an additional 26,225 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Dana in the 3rd quarter worth $2,687,000. Finally, Rhumbline Advisers increased its stake in 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. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Trading Down 2.5 %

Shares of DAN opened at $11.27 on Friday. Dana has a 52-week low of $7.58 and a 52-week high of $14.44. The stock has a market cap of $1.63 billion, a PE ratio of -102.45, a price-to-earnings-growth ratio of 1.26 and a beta of 2.36. The firm’s fifty day moving average is $10.33 and its two-hundred day moving average is $10.85. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

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 the consensus estimate 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 firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Announces Dividend

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

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.