Wells Fargo & Company Boosts Dana (NYSE:DAN) Price Target to $17.00

Dana (NYSE:DAN - Free Report) had its price objective hoisted by Wells Fargo & Company from $15.00 to $17.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company's stock.

A number of other research firms also recently issued reports on DAN. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays raised their price target on shares of Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada upgraded shares of Dana from a "hold" rating to a "moderate buy" rating and raised their price target for the company from $14.00 to $20.00 in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.43.

Dana Trading Down 1.1%

Dana stock traded down $0.20 during midday trading on Thursday, reaching $17.19. The stock had a trading volume of 2,366,065 shares, compared to its average volume of 1,725,142. The firm's fifty day simple moving average is $14.65 and its two-hundred day simple moving average is $13.96. Dana has a twelve month low of $7.58 and a twelve month high of $18.03. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -44.06, a PEG ratio of 0.72 and a beta of 2.11.

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

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. Dana's dividend payout ratio is currently -166.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DAN. Yousif Capital Management LLC grew its holdings in Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 1,130 shares during the period. Great Lakes Advisors LLC increased its position in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after acquiring an additional 142,850 shares in the last quarter. Cibc World Markets Corp increased its position in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after acquiring an additional 12,220 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Dana during the fourth quarter worth $9,498,000. Finally, JB Capital Partners LP increased its position in shares of Dana by 28.6% during the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after acquiring an additional 407,000 shares in 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.