Dana Incorporated (NYSE:DAN) Receives $18.86 Average PT from Analysts

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.86.

DAN has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and increased their target price for the company from $9.00 to $19.00 in a report on Monday, December 9th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $16.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th.

Dana Price Performance

Shares of NYSE DAN opened at $16.40 on Monday. 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 stock has a market cap of $2.38 billion, a price-to-earnings ratio of -149.03, a PEG ratio of 0.73 and a beta of 2.33. The company’s 50-day moving average price is $13.57 and its 200 day moving average price is $11.40. Dana has a 52 week low of $7.58 and a 52 week high of $16.89.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, February 28th. Dana’s dividend payout ratio (DPR) is -363.60%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DAN. Loomis Sayles & Co. L P acquired a new position in Dana during the fourth quarter worth approximately $9,498,000. JB Capital Partners LP increased its holdings in shares of Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Dana in the 3rd quarter worth $2,687,000. Great Lakes Advisors LLC boosted its holdings in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after acquiring an additional 142,850 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Dana during the third quarter valued at about $346,000. 96.79% of the stock is currently 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.