Dana Incorporated (NYSE:DAN) Receives $14.00 Average PT from Analysts

Dana Incorporated (NYSE:DAN) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.50.

DAN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Dana from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. Wells Fargo & Company downgraded Dana from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $13.00 to $9.00 in a research note on Friday, September 20th. Wolfe Research started coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

Hedge Funds Weigh In On Dana

An institutional investor recently bought a new position in Dana stock. SG Americas Securities LLC purchased a new stake in shares of Dana Incorporated (NYSE:DAN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Price Performance

DAN stock opened at $10.52 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. Dana has a 52-week low of $9.16 and a 52-week high of $15.07. The company has a market capitalization of $1.52 billion, a P/E ratio of 116.89, a PEG ratio of 0.62 and a beta of 2.28. The company has a fifty day moving average price of $10.60 and a 200-day moving average price of $11.88.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.76 billion. Dana’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. As a group, equities analysts expect that Dana will post 0.95 EPS for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were paid a $0.10 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.80%. Dana’s dividend payout ratio (DPR) is presently 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.