Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $16.43

Dana Incorporated (NYSE:DAN) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.43.

Several research firms have weighed in on DAN. JPMorgan Chase & Co. lowered their price target on Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Barclays lowered their price target on Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company lowered their price target on Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st.

Dana Trading Down 2.1 %

NYSE DAN opened at $12.24 on Tuesday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 0.36 and a beta of 2.49. The stock’s 50 day moving average price is $12.36 and its two-hundred day moving average price is $13.01. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. Dana has a 52 week low of $11.10 and a 52 week high of $19.75.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) EPS. As a group, analysts anticipate that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, February 29th. Dana’s payout ratio is presently 153.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DAN. Cibc World Markets Corp increased its holdings in shares of Dana by 46.0% during the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after acquiring an additional 375,000 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Dana by 164.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after purchasing an additional 176,778 shares during the period. Neo Ivy Capital Management bought a new stake in Dana in the 3rd quarter valued at $1,602,000. Great Lakes Advisors LLC boosted its stake in Dana by 89.5% in the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after purchasing an additional 59,502 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Dana in the 3rd quarter valued at $567,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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.