Dana Incorporated (NYSE:DAN) Receives $16.50 Average Price Target from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.67.

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Dana from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Oppenheimer upped their price objective on shares of Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, UBS Group cut their price objective on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday.

Dana Price Performance

Shares of NYSE:DAN opened at $11.97 on Friday. The company has a 50 day moving average of $13.04 and a 200 day moving average of $12.96. The stock has a market cap of $1.74 billion, a P/E ratio of 133.01 and a beta of 2.33. Dana has a 12 month low of $11.10 and a 12 month high of $19.75. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61.

Dana (NYSE:DAN) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the firm posted $0.25 EPS. Dana’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Dana will post 0.75 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.40 annualized dividend and a yield of 3.34%. Dana’s dividend payout ratio (DPR) is presently 444.49%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DAN. SG Americas Securities LLC bought a new position in Dana in the 2nd quarter worth $388,000. Handelsbanken Fonder AB increased its stake in shares of Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after acquiring an additional 14,800 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Dana in the 3rd quarter worth about $1,602,000. Great Lakes Advisors LLC increased its stake in shares of Dana by 89.5% in the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of 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 worth $4,158,000 after acquiring an additional 176,778 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.