Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $14.00

Shares of Dana Incorporated (NYSE:DAN) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.67.

Several equities analysts recently commented on DAN shares. UBS Group reduced their price target on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wolfe Research initiated coverage on shares of Dana in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Barclays decreased their price objective on shares of Dana from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Dana Price Performance

Dana stock opened at $11.10 on Tuesday. The firm has a fifty day moving average of $10.58 and a 200-day moving average of $11.91. Dana has a 52-week low of $9.16 and a 52-week high of $15.07. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $1.61 billion, a P/E ratio of 123.28, a PEG ratio of 0.62 and a beta of 2.28.

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

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend yield of 3.61%. Dana’s dividend payout ratio (DPR) is presently 444.44%.

Hedge Funds Weigh In On Dana

A hedge fund recently raised its stake in Dana stock. Rhumbline Advisers lifted its holdings in shares of Dana Incorporated (NYSE:DAN) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 426,586 shares of the auto parts company’s stock after buying an additional 5,468 shares during the period. Rhumbline Advisers owned 0.29% of Dana worth $5,170,000 at the end of the most recent reporting period. 96.79% of the stock is owned by institutional investors.

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.