Dana Incorporated (NYSE:DAN) Receives $14.67 Average Price Target from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of brokerages have recently weighed in on DAN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $12.00 price target on shares of Dana in a research note on Tuesday, September 10th. Wells Fargo & Company downgraded shares of Dana from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $13.00 to $9.00 in a research report on Friday, September 20th. Wolfe Research initiated coverage on Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. UBS Group reduced their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their target price on Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, July 22nd.

Institutional Trading of Dana

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Dana in the second quarter worth approximately $388,000. Rhumbline Advisers grew its stake in shares of 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 buying an additional 5,468 shares during the last quarter. Finally, Cibc World Markets Corp raised its holdings in Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after buying an additional 375,000 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Stock Performance

Shares of NYSE DAN opened at $10.50 on Friday. Dana has a 12 month low of $9.16 and a 12 month high of $15.27. The company has a market cap of $1.52 billion, a PE ratio of 116.61, a price-to-earnings-growth ratio of 0.49 and a beta of 2.29. The company has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $12.08. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities analysts anticipate that Dana will post 0.98 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, August 9th. Dana’s dividend payout ratio (DPR) is 444.44%.

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.