Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $18.14

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.14.

A number of research firms have recently issued reports on DAN. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $10.00 to $16.00 in a research note on Monday, January 27th. Barclays raised their target price on Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. 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. UBS Group raised their price objective on Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On Dana

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc increased its stake in shares of Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 2,234 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 3,732 shares during the period. Cornerstone Investment Partners LLC bought a new position in Dana during the 1st quarter worth approximately $146,000. Finally, SG Americas Securities LLC grew its holdings in shares of Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after buying an additional 1,662 shares during the period. Institutional investors own 96.79% of the company's stock.

Dana Trading Up 2.2 %

DAN traded up $0.32 on Friday, reaching $14.95. 96,793 shares of the company's stock were exchanged, compared to its average volume of 1,670,785. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -38.33, a PEG ratio of 0.72 and a beta of 2.07. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana has a twelve month low of $7.58 and a twelve month high of $16.90. The company's 50 day moving average is $13.07 and its 200-day moving average is $12.47.

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

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.68%. Dana's payout ratio is presently -166.67%.

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.