Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $20.43

Dana Incorporated (NYSE:DAN) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.43.

Several research firms have recently commented on DAN. Wells Fargo & Company reissued a “buy” rating on shares of Dana in a research report on Thursday, June 12th. Barclays reaffirmed an “overweight” rating and issued a $25.00 price objective (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen raised shares of Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. UBS Group reaffirmed a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Dana in a research report on Friday, June 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th.

Institutional Investors Weigh In On Dana

A number of institutional investors have recently modified their holdings of DAN. Great Lakes Advisors LLC raised its holdings in Dana by 11.5% in the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after purchasing an additional 32,241 shares during the period. Jones Financial Companies Lllp increased its position in shares of Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after buying an additional 85,039 shares in the last quarter. JB Capital Partners LP raised its stake in shares of Dana by 1.1% during the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock worth $24,524,000 after buying an additional 20,000 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Dana during the 1st quarter valued at approximately $2,434,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Dana during the 1st quarter valued at approximately $146,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Up 1.0%

NYSE:DAN opened at $17.07 on Friday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -71.10, a price-to-earnings-growth ratio of 1.08 and a beta of 2.11. Dana has a twelve month low of $7.58 and a twelve month high of $18.03. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The stock has a fifty day simple moving average of $15.51 and a 200-day simple moving average of $14.22.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. Analysts anticipate that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. Dana’s dividend payout ratio (DPR) is presently -166.67%.

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.