Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $16.14

Dana Incorporated (NYSE:DAN - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.14.

A number of brokerages have recently weighed in on DAN. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Dana from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their target price 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, Deutsche Bank Aktiengesellschaft raised shares of Dana from a "hold" rating to a "buy" rating and raised their price target for the stock from $9.00 to $19.00 in a research note on Monday, December 9th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DAN. GAMMA Investing LLC increased its stake in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after buying an additional 1,464 shares during the period. Versant Capital Management Inc lifted its stake in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Dana in the third quarter worth about $250,000. Martingale Asset Management L P purchased a new position in Dana in the third quarter valued at about $346,000. Finally, SG Americas Securities LLC grew its stake in Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company's stock valued at $615,000 after purchasing an additional 26,225 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Dana Price Performance

Shares of DAN traded down $0.11 on Thursday, reaching $13.21. The stock had a trading volume of 1,771,592 shares, compared to its average volume of 1,406,199. The firm has a 50-day moving average of $11.29 and a 200 day moving average of $10.83. The firm has a market capitalization of $1.92 billion, a PE ratio of -120.12 and a beta of 2.31. Dana has a twelve month low of $7.58 and a twelve month high of $14.22. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share 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 firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The company's quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts expect that Dana will post 0.85 EPS for the current year.

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.