Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $18.86

Dana Incorporated (NYSE:DAN) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.50.

Several research firms have recently issued reports on DAN. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group upped their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada lifted their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $10.00 to $16.00 in a report on Monday, January 27th. Finally, Barclays raised their target price on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th.

Dana Price Performance

NYSE DAN opened at $15.71 on Monday. The firm’s fifty day simple moving average is $13.70 and its two-hundred day simple moving average is $11.46. The firm has a market capitalization of $2.28 billion, a P/E ratio of -142.84, a P/E/G ratio of 0.73 and a beta of 2.33. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a 12-month low of $7.58 and a 12-month high of $16.90.

Dana (NYSE:DAN) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. Analysts forecast that Dana will post 0.84 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, February 28th. Dana’s payout ratio is -363.60%.

Hedge Funds Weigh In On Dana

A number of institutional investors have recently modified their holdings of DAN. Yousif Capital Management LLC boosted its stake in shares of Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after buying an additional 1,130 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the period. Versant Capital Management Inc boosted its position in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares in the last quarter. State of Tennessee Department of Treasury boosted its position in Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.