Dana Incorporated (NYSE:DAN) Receives $16.43 Average Target Price from Analysts

Shares of Dana Incorporated (NYSE:DAN) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. Four 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 ratings on the stock in the last year is $16.43.

Several equities research analysts have commented on the stock. Barclays dropped 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 dropped their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut their price objective on Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 26th.

Hedge Funds Weigh In On Dana

Several institutional investors and hedge funds have recently bought and sold shares of DAN. SG Americas Securities LLC purchased a new position in Dana during the 3rd quarter valued at about $567,000. Strs Ohio grew its stake in Dana by 1.6% during the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock valued at $850,000 after acquiring an additional 900 shares in the last quarter. Great Lakes Advisors LLC grew 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 valued at $976,000 after acquiring an additional 32,163 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Dana during the 3rd quarter valued at about $1,602,000. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Dana by 164.0% during 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 acquiring an additional 176,778 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Price Performance

Shares of Dana stock opened at $12.24 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average price is $12.36 and its two-hundred day moving average price is $13.01. Dana has a 52 week low of $11.10 and a 52 week high of $19.75. The stock has a market cap of $1.77 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 0.36 and a beta of 2.49.

Dana (NYSE:DAN) last issued its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a return on equity of 7.37% and a net margin of 0.36%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. Dana’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dana will post 0.99 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 3.27%. Dana’s payout ratio is presently 153.85%.

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.