Dana Incorporated (NYSE:DAN) Receives $12.83 Average Price Target from Analysts

Dana Incorporated (NYSE:DAN - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.83.

DAN has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Dana from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. StockNews.com lowered Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their price target on Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Thursday, October 31st. Barclays decreased their price objective on Dana from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Finally, Wolfe Research started coverage on shares of Dana in a report on Thursday, September 5th. They set a "peer perform" rating on the stock.

Institutional Trading of Dana

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake 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 in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the 3rd quarter valued at $2,687,000. SG Americas Securities LLC boosted its position in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company's stock worth $615,000 after purchasing an additional 26,225 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Dana during the 3rd quarter worth $250,000. 96.79% of the stock is currently owned by institutional investors.

Dana Trading Down 2.6 %

DAN traded down $0.23 during trading hours on Friday, reaching $8.50. 1,804,830 shares of the company's stock traded hands, compared to its average volume of 2,766,714. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $10.09 and a 200 day moving average price of $11.57. Dana has a 52-week low of $7.58 and a 52-week high of $15.07. The firm has a market capitalization of $1.23 billion, a PE ratio of -77.27, a PEG ratio of 0.82 and a beta of 2.30.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company's revenue for the quarter was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Dana will post 0.87 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 4.71%. Dana's dividend payout ratio is presently -363.60%.

Dana Company Profile

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.