Dana Incorporated (NYSE:DAN) Receives $18.50 Consensus Price Target from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.50.

DAN has been the topic of several analyst reports. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, UBS Group boosted their price objective on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 27th.

Dana Trading Up 5.6 %

DAN stock opened at $14.37 on Friday. The company has a market capitalization of $2.08 billion, a PE ratio of -36.85, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. Dana has a one year low of $7.58 and a one year high of $16.90. The company’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $11.87. 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 issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. As a group, analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

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 paid a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.78%. Dana’s payout ratio is -102.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 3,732 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter valued at approximately $250,000. Finally, Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter valued at approximately $346,000. 96.79% of the stock is currently owned by institutional investors.

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.