Dana Incorporated (NYSE:DAN) Stock Has Consensus Target Price of $35.00

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.00.

DAN has been the subject of several recent analyst reports. BNP Paribas Exane restated an “outperform” rating and issued a $34.00 target price (down from $38.00) on shares of Dana in a research report on Friday, October 30th. Barclays dropped their price target on shares of Dana from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. UBS Group cut their price target on Dana from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Wells Fargo & Company reduced their price objective on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price objective on Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAN. Nykredit A S bought a new stake in shares of Dana during the 2nd quarter worth about $61,081,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Dana in the 2nd quarter worth approximately $1,447,000. Bank of America Corp DE bought a new position in shares of Dana in the second quarter valued at approximately $17,276,000. BlackRock Inc. bought a new position in shares of Dana in the second quarter valued at approximately $496,741,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Dana by 59.1% in the second quarter. Engineers Gate Manager LP now owns 152,871 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 56,766 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Down 0.1%

Dana stock opened at $21.49 on Wednesday. The company has a 50-day simple moving average of $28.17 and a 200-day simple moving average of $30.98. The firm has a market capitalization of $2.15 billion, a P/E ratio of 2.25 and a beta of 2.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.13. Dana has a one year low of $18.95 and a one year high of $39.56.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.28). The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.97 billion. Dana had a return on equity of 5.03% and a net margin of 13.45%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. As a group, equities analysts expect that Dana will post 1.81 earnings per share for the current year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 6th. Dana’s dividend payout ratio (DPR) is currently 5.03%.

Dana Company Profile

Dana Incorporated is a supplier of drivetrain, propulsion, and motion systems for vehicle and industrial markets. Its customers include manufacturers of passenger cars, commercial vehicles, and off-highway equipment, as well as customers in industrial and aftermarket sectors.

The company’s products and services include axles, driveshafts, transmission and drivetrain components, and systems for electrified vehicles, such as electric motors and related propulsion technologies. Dana also provides thermal-management and sealing solutions designed to support vehicle performance and durability.

Founded in 1904 as the Spicer Manufacturing Company, Dana has grown into an international business serving customers across multiple regions.