Dana (NYSE:DAN) Price Target Raised to $20.00

Dana (NYSE:DAN - Free Report) had its target price lifted by Barclays from $17.00 to $20.00 in a report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the auto parts company's stock.

A number of other research analysts have also weighed in on the company. UBS Group upped their price objective on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Royal Bank of Canada boosted their price target on Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of Dana from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Dana has an average rating of "Moderate Buy" and an average target price of $18.14.

Dana Trading Down 0.7 %

Shares of NYSE DAN traded down $0.10 during midday trading on Friday, reaching $14.51. 328,021 shares of the stock were exchanged, compared to its average volume of 1,666,065. The stock has a market capitalization of $2.11 billion, a P/E ratio of -37.26, a PEG ratio of 0.72 and a beta of 2.07. Dana has a twelve month low of $7.58 and a twelve month high of $16.90. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $12.46.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. As a group, equities analysts expect that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.76%. Dana's payout ratio is currently -166.67%.

Institutional Investors Weigh In On Dana

Several large investors have recently made changes to their positions in DAN. Segall Bryant & Hamill LLC acquired a new stake in Dana in the first quarter worth about $2,434,000. Cornerstone Investment Partners LLC acquired a new position in shares of Dana during the first quarter valued at approximately $146,000. SG Americas Securities LLC boosted its stake in Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after purchasing an additional 1,662 shares in the last quarter. GAMMA Investing LLC raised its position in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after acquiring an additional 40,394 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in Dana by 6.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after purchasing an additional 3,368 shares during 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.