Dana (NYSE:DAN) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

Dana (NYSE:DAN) had its target price cut by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Other equities research analysts have also issued reports about the company. Barclays dropped their target price on Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company cut shares of Dana from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $13.00 to $9.00 in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. UBS Group dropped their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.50.

Dana Trading Down 5.8 %

NYSE DAN opened at $10.52 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. Dana has a one year low of $9.16 and a one year high of $15.07. The company has a 50-day simple moving average of $10.60 and a 200-day simple moving average of $11.88. The firm has a market capitalization of $1.52 billion, a PE ratio of 116.89, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company 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%. Dana’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that Dana will post 0.95 earnings per share for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Friday, August 9th. Dana’s dividend payout ratio (DPR) is presently 444.44%.

Institutional Investors Weigh In On Dana

An institutional investor recently bought a new position in Dana stock. SG Americas Securities LLC acquired a new position in Dana Incorporated (NYSE:DAN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.