Dana (NYSE:DAN) Price Target Raised to $10.00

Dana (NYSE:DAN) had its target price boosted by Wells Fargo & Company from $7.00 to $10.00 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on DAN. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $19.00 in a report on Monday, December 9th. Wolfe Research started coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target 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 upgraded shares of Dana from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana presently has an average rating of “Hold” and an average target price of $15.29.

Dana Trading Down 4.4 %

Shares of DAN opened at $11.64 on Monday. The stock’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $10.97. The firm has a market capitalization of $1.69 billion, a PE ratio of -105.81, a price-to-earnings-growth ratio of 1.26 and a beta of 2.36. Dana has a 12-month low of $7.58 and a 12-month high of $15.07. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

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

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.44%. Dana’s dividend payout ratio (DPR) is currently -363.64%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in shares of Dana in the third quarter valued at approximately $250,000. SG Americas Securities LLC bought a new position in shares of Dana in the 2nd quarter valued at $388,000. Martingale Asset Management L P bought a new stake in shares of Dana during the 3rd quarter worth $346,000. Segall Bryant & Hamill LLC acquired a new stake in Dana in the third quarter valued at about $2,687,000. Finally, Rhumbline Advisers grew its position in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. 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.