Dana Incorporated (NYSE:DAN) Receives $12.83 Consensus Target Price from Analysts

Dana Incorporated (NYSE:DAN) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.50.

DAN has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company dropped their target price on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays lowered their price objective on Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Dana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new stake in Dana in the third quarter worth $250,000. SG Americas Securities LLC purchased a new stake in Dana in the second quarter worth $388,000. Segall Bryant & Hamill LLC purchased a new stake in Dana in the third quarter worth $2,687,000. Finally, Rhumbline Advisers grew its stake in shares of Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after acquiring an additional 5,468 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Stock Up 0.6 %

DAN stock opened at $8.55 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1.24 billion, a PE ratio of -77.82, a PEG ratio of 0.81 and a beta of 2.30. Dana has a twelve month low of $7.58 and a twelve month high of $15.07. The stock has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $11.57.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Dana will post 0.87 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.68%. Dana’s dividend payout ratio is presently -363.64%.

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.