Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $26.40

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.40.

Several analysts recently weighed in on DAN shares. UBS Group lifted their price objective on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of Dana from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Zacks Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a report on Monday.

Dana Stock Up 1.4%

Shares of NYSE:DAN opened at $22.87 on Friday. The business’s 50 day moving average is $20.83 and its 200 day moving average is $19.18. The stock has a market cap of $2.67 billion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 4.20 and a beta of 2.16. Dana has a 52-week low of $10.11 and a 52-week high of $23.25. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Dana’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, November 7th. Dana’s dividend payout ratio (DPR) is 88.89%.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in Dana in the second quarter valued at about $25,000. Captrust Financial Advisors acquired a new position in shares of Dana during the second quarter valued at about $176,000. SG Americas Securities LLC purchased a new position in shares of Dana in the 3rd quarter valued at approximately $488,000. Horizon Investments LLC purchased a new position in shares of Dana in the 3rd quarter valued at approximately $553,000. Finally, Entropy Technologies LP boosted its stake in Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after purchasing an additional 27,116 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.