Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $22.57

Dana Incorporated (NYSE:DAN) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.5714.

Several research firms recently weighed in on DAN. Royal Bank Of Canada lifted their target price on shares of Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Dana in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Dana from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Cfra Research raised Dana from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, August 5th.

Insider Transactions at Dana

In other news, CAO James D. Kellett sold 11,728 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Dana

A number of large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Dana during the second quarter worth $25,000. State of Tennessee Department of Treasury increased its position in shares of Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 5,405 shares during the period. Rhumbline Advisers increased its position in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after acquiring an additional 8,787 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Dana during the second quarter worth $176,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Dana during the first quarter worth $146,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Down 0.6%

DAN stock opened at $19.76 on Friday. The firm has a market cap of $2.59 billion, a PE ratio of -123.47, a PEG ratio of 1.36 and a beta of 2.09. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The firm’s 50 day moving average price is $19.83 and its 200-day moving average price is $17.32. Dana has a one year low of $7.58 and a one year high of $21.40.

Dana (NYSE:DAN) last released its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.35). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. On average, equities research analysts anticipate that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. Dana’s payout ratio is presently -250.00%.

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.