Dana Incorporated (NYSE:DAN) Receives $16.67 Consensus Target Price from Brokerages

Shares of Dana Incorporated (NYSE:DANGet Free Report) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.67.

DAN has been the subject of a number of analyst reports. Oppenheimer upped their price target on Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Barclays lowered their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company cut their price objective on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 26th.

Get Our Latest Stock Analysis on Dana

Institutional Investors Weigh In On Dana

A number of institutional investors have recently modified their holdings of DAN. Handelsbanken Fonder AB lifted its position in shares of Dana by 71.5% during the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. Great Lakes Advisors LLC increased its stake in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock worth $976,000 after buying an additional 32,163 shares during the period. Neo Ivy Capital Management acquired a new stake in Dana during the 3rd quarter worth approximately $1,602,000. Knights of Columbus Asset Advisors LLC boosted its position 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 buying an additional 176,778 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of Dana by 46.0% in the fourth 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 in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of NYSE:DAN opened at $13.84 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The firm has a market capitalization of $2.01 billion, a PE ratio of 153.74, a P/E/G ratio of 0.43 and a beta of 2.46. The business’s 50 day moving average price is $12.74 and its 200-day moving average price is $13.12.

Dana (NYSE:DANGet Free Report) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. As a group, equities research analysts expect that Dana will post 0.91 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.89%. Dana’s dividend payout ratio is currently 444.49%.

Dana Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Dana (NYSE:DAN)

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