Dana Incorporated (NYSE:DAN) Receives $16.67 Consensus Price Target from Brokerages

Dana Incorporated (NYSE:DAN) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.67.

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Barclays reduced their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Oppenheimer increased their price objective on shares of Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their target price on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 21st.

Dana Trading Up 0.3 %

Shares of NYSE DAN opened at $14.07 on Friday. Dana has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97. The firm has a market capitalization of $2.04 billion, a P/E ratio of 156.35, a P/E/G ratio of 0.43 and a beta of 2.46. The company’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $13.10.

Dana (NYSE:DAN) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Dana will post 0.91 EPS for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.84%. Dana’s dividend payout ratio (DPR) is presently 444.49%.

Institutional Trading of Dana

A number of institutional investors and hedge funds have recently bought and sold shares of DAN. Handelsbanken Fonder AB increased its stake in shares of Dana by 71.5% in the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after buying an additional 14,800 shares during the period. Great Lakes Advisors LLC grew its holdings in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock worth $976,000 after acquiring an additional 32,163 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Dana in the 3rd quarter valued at about $1,602,000. Knights of Columbus Asset Advisors LLC boosted its position in shares of Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after purchasing an additional 176,778 shares in the last quarter. Finally, Cibc World Markets Corp grew its stake in Dana by 46.0% during 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 purchasing an additional 375,000 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.