Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $18.86

Dana Incorporated (NYSE:DAN) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

DAN has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Barclays raised their price target on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday.

Dana Trading Down 3.7 %

Shares of NYSE DAN opened at $15.71 on Monday. The stock has a market capitalization of $2.28 billion, a P/E ratio of -142.84, a PEG ratio of 0.73 and a beta of 2.33. Dana has a 1-year low of $7.58 and a 1-year high of $16.90. The business’s 50 day moving average is $13.70 and its two-hundred day moving average is $11.46. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. As a group, research analysts expect that Dana will post 0.84 EPS for the current year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, February 28th. Dana’s payout ratio is -363.60%.

Institutional Trading of Dana

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in 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 purchasing an additional 1,464 shares during the period. Versant Capital Management Inc raised its stake in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after buying an additional 3,732 shares during the period. Entropy Technologies LP purchased a new position in shares of Dana in the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P bought a new position in shares of Dana in the 3rd quarter worth $346,000. 96.79% of the stock is currently owned by institutional investors.

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.