Analysts Set Dana Incorporated (NYSE:DAN) Price Target at $18.50

Dana Incorporated (NYSE:DAN) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment 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 analysts that have covered the stock in the last year is $18.50.

A number of analysts have weighed in on DAN shares. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada increased their target price on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew 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 valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 3,732 shares in the last quarter. Entropy Technologies LP acquired a new stake in Dana in the third quarter worth about $250,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Dana during the third quarter worth about $346,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Up 5.6 %

Shares of DAN opened at $14.37 on Friday. The company has a market cap of $2.08 billion, a PE ratio of -36.85, a P/E/G ratio of 0.72 and a beta of 2.42. The business has a fifty day moving average of $14.53 and a 200 day moving average of $11.87. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71.

Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. On average, sell-side analysts expect that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.78%. Dana’s dividend payout ratio (DPR) is presently -102.56%.

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.