Analysts Set Dana Incorporated (NYSE:DAN) PT at $13.86

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.86.

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Wells Fargo & Company decreased their price objective on shares of Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $16.00 in a research note on Tuesday.

Dana Trading Up 1.3 %

Shares of NYSE:DAN opened at $12.44 on Wednesday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -113.09, a PEG ratio of 1.17 and a beta of 2.36. Dana has a 1-year low of $7.58 and a 1-year high of $15.07. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The company has a 50 day moving average price of $9.84 and a 200 day moving average price of $11.07.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts anticipate that Dana will post 0.85 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s dividend payout ratio (DPR) is currently -363.64%.

Institutional Investors Weigh In On Dana

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Dana during the 2nd quarter valued at $388,000. Rhumbline Advisers raised its holdings in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter valued at $250,000. Segall Bryant & Hamill LLC bought a new position in shares of Dana during the 3rd quarter valued at $2,687,000. Finally, JB Capital Partners LP raised its holdings in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Institutional investors and hedge funds 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.