Royal Bank of Canada Boosts Dana (NYSE:DAN) Price Target to $16.00

Dana (NYSE:DAN) had its price objective boosted by Royal Bank of Canada from $13.00 to $16.00 in a report published on Friday,Benzinga reports. The firm currently has a sector perform rating on the auto parts company’s stock.

Other analysts have also recently issued reports about the stock. UBS Group increased their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays increased their price objective on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Dana Trading Down 3.7 %

Shares of DAN opened at $15.71 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -40.29, a PEG ratio of 0.72 and a beta of 2.33. The stock has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $11.48. Dana has a 52-week low of $7.58 and a 52-week high of $16.90.

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

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be paid 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 2.55%. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in Dana in the third quarter worth $250,000. Segall Bryant & Hamill LLC bought a new stake in shares of Dana in the 3rd quarter valued at $2,687,000. JB Capital Partners LP raised its stake in Dana by 9.9% during 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 buying an additional 128,000 shares during the period. Martingale Asset Management L P bought a new position in Dana during the third quarter worth about $346,000. Finally, Versant Capital Management Inc lifted its holdings in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

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.