Dana Incorporated (NYSE:DAN) Receives $16.50 Consensus Target Price from Analysts

Dana Incorporated (NYSE:DAN) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, 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 target price among brokerages that have issued ratings on the stock in the last year is $15.67.

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

Dana Trading Up 6.5 %

Shares of Dana stock opened at $12.01 on Friday. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The firm has a market cap of $1.74 billion, a PE ratio of 133.40 and a beta of 2.33. The stock has a fifty day moving average price of $13.06 and a 200-day moving average price of $12.99. 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 (NYSE:DAN) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Equities research analysts anticipate that Dana will post 0.75 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.40 annualized dividend and a yield of 3.33%. Dana’s dividend payout ratio is currently 444.49%.

Institutional Trading of Dana

Institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB raised its holdings 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 valued at $519,000 after acquiring an additional 14,800 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Dana in the 3rd quarter valued at about $1,602,000. Great Lakes Advisors LLC raised its holdings 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 valued at $1,841,000 after acquiring an additional 59,502 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of 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 buying an additional 176,778 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in shares of Dana by 46.0% during the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares in the last quarter. 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.