Wells Fargo & Company Issues Positive Forecast for Dana (NYSE:DAN) Stock Price

Dana (NYSE:DAN) had its target price boosted by Wells Fargo & Company from $12.00 to $15.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.

Other equities analysts have also issued reports about the company. StockNews.com raised Dana from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Barclays upped their target price on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group boosted their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price target on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Dana has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Dana Trading Down 2.5%

Dana stock opened at $15.75 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a market cap of $2.30 billion, a PE ratio of -40.39, a P/E/G ratio of 0.72 and a beta of 2.07. The stock has a 50-day moving average price of $13.47 and a 200 day moving average price of $12.92. Dana has a 52 week low of $7.58 and a 52 week high of $16.90.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. Equities research analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.54%. Dana’s payout ratio is currently -166.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Great Lakes Advisors LLC grew its stake in shares of Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after purchasing an additional 32,241 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Dana by 27,790.5% during the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 85,039 shares during the last quarter. JB Capital Partners LP lifted its holdings in shares of Dana by 1.1% during the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after purchasing an additional 20,000 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the first quarter valued at $2,434,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Dana during the first quarter valued at $146,000. Institutional investors 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.