Wells Fargo & Company Increases Dana (NYSE:DAN) Price Target to $10.00

Dana (NYSE:DAN - Free Report) had its price objective raised by Wells Fargo & Company from $7.00 to $10.00 in a report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the auto parts company's stock.

DAN has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised shares of Dana from a "hold" rating to a "buy" rating and upped their price objective for the company from $9.00 to $19.00 in a report on Monday, December 9th. Wolfe Research began coverage on Dana in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. 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, December 3rd. JPMorgan Chase & Co. lowered their price target on shares of Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Finally, Barclays raised shares of Dana from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $12.00 to $18.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dana presently has an average rating of "Hold" and an average price target of $15.29.

Dana Stock Performance

Shares of Dana stock traded down $0.22 during midday trading on Monday, hitting $12.46. The company had a trading volume of 1,995,534 shares, compared to its average volume of 1,514,900. The company has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $10.99. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -113.27, a PEG ratio of 1.26 and a beta of 2.36. 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 has a 12-month low of $7.58 and a 12-month high of $15.07.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. Dana's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. As a group, analysts predict that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.21%. Dana's dividend payout ratio (DPR) is currently -363.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Martingale Asset Management L P purchased a new stake in Dana in the 3rd quarter valued at $346,000. JB Capital Partners LP increased 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 worth $14,880,000 after buying an additional 128,000 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Dana in the third quarter worth approximately $2,687,000. Entropy Technologies LP acquired a new stake in Dana during the third quarter worth $250,000. Finally, SG Americas Securities LLC increased its position in shares of Dana by 81.8% during 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 during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.