Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $20.57

Dana Incorporated (NYSE:DAN - Get Free Report) has earned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.57.

Several research firms have recently weighed in on DAN. Wells Fargo & Company reissued a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 target price (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Finally, UBS Group reaffirmed a "buy" rating and issued a $23.00 target price (up previously from $22.00) on shares of Dana in a research report on Monday.

Dana Price Performance

Shares of DAN stock traded down $0.37 during mid-day trading on Thursday, hitting $16.33. 4,096,426 shares of the stock traded hands, compared to its average volume of 1,887,680. Dana has a twelve month low of $7.58 and a twelve month high of $18.05. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -68.04, a price-to-earnings-growth ratio of 1.08 and a beta of 2.09. The company's 50-day simple moving average is $16.91 and its 200-day simple moving average is $14.80. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $0.02 earnings per share. The firm's revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, equities research analysts expect that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.45%. Dana's dividend payout ratio (DPR) is currently -166.67%.

Hedge Funds Weigh In On Dana

Several institutional investors have recently bought and sold shares of DAN. Sterling Capital Management LLC increased its stake in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after purchasing an additional 3,732 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Dana in the first quarter worth about $146,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 40,394 shares during the period. SG Americas Securities LLC increased its stake in shares of Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after purchasing an additional 1,662 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock worth $627,000 after purchasing an additional 3,368 shares during the period. 96.79% of the stock is currently owned by institutional investors.

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.