Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $18.57

Dana Incorporated (NYSE:DAN) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.57.

A number of equities research analysts have recently weighed in on DAN shares. Wells Fargo & Company raised their price target on Dana from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Wall Street Zen raised Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Royal Bank of Canada raised Dana from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from $14.00 to $20.00 in a report on Thursday, May 22nd. Finally, Barclays increased their price objective on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 2nd.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JB Capital Partners LP grew its holdings in Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after buying an additional 20,000 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after buying an additional 17,569 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Dana in the 4th quarter valued at approximately $9,498,000. Cibc World Markets Corp grew its holdings in Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of Dana by 11.5% during 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 in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Down 0.7%

DAN opened at $16.66 on Wednesday. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $17.25. The business has a 50-day moving average of $13.79 and a 200-day moving average of $13.32. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market capitalization of $2.43 billion, a PE ratio of -42.72, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN) last posted its quarterly earnings results 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 positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. Equities research analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. Dana’s dividend payout ratio (DPR) is currently -166.67%.

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.