Dana Incorporated (NYSE:DAN) Stock Has Average Price Target of $36.67 According to Brokerages

Dana Incorporated (NYSE:DAN) has received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $36.67.

DAN has been the subject of several research reports. 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 report on Friday, August 7th. UBS Group decreased their target price on Dana from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Royal Bank Of Canada boosted their target price on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Zacks Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th.

Institutional Investors Weigh In On Dana

Several institutional investors have recently added to or reduced their stakes in DAN. BlackRock Inc. purchased a new position in Dana in the 2nd quarter valued at approximately $496,741,000. Nykredit A S bought a new stake in Dana during the 2nd quarter valued at $84,700,000. JB Capital Partners LP bought a new stake in Dana during the 2nd quarter valued at $50,400,893. Bank of New York Mellon Corp purchased a new stake in shares of Dana during the second quarter worth $25,571,000. Finally, SG Americas Securities LLC lifted its position in shares of Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after acquiring an additional 642,552 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Stock Down 4.4%

DAN opened at $28.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 2.79 and a beta of 2.05. Dana has a twelve month low of $17.89 and a twelve month high of $39.56. The company’s 50-day moving average price is $29.62 and its two-hundred day moving average price is $31.20.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities analysts expect that Dana will post 1.93 earnings per share for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.7%. Dana’s dividend payout ratio (DPR) is 4.78%.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, propulsion, thermal-management and sealing technologies for the automotive, commercial-vehicle, off-highway and industrial markets. The company develops systems that help vehicles transmit power, manage heat, reduce emissions and improve efficiency across conventional, hybrid and battery-electric platforms.

Its products include axles, driveshafts, transmissions, differentials, power-transfer units, sealing solutions, thermal-management systems and electric propulsion components.