Dana (NYSE:DAN) Stock Gets Price Target Trim from Barclays

Dana (NYSE:DAN) had its price objective reduced by Barclays from $35.00 to $33.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

DAN has been the topic of a number of other research 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 note on Friday, October 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Royal Bank Of Canada decreased their price target on Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Finally, UBS Group lowered their price objective on Dana from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Dana Stock Up 1.0%

DAN stock opened at $23.80 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.78. The firm’s fifty day simple moving average is $28.50 and its 200-day simple moving average is $31.04. Dana has a 12 month low of $18.95 and a 12 month high of $39.56. The company has a market capitalization of $2.38 billion, a P/E ratio of 30.61 and a beta of 2.14.

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

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. Dana’s payout ratio is presently 5.03%.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently made changes to their positions in DAN. Root Financial Partners LLC purchased a new position in shares of Dana in the third quarter worth about $25,000. Fortitude Family Office LLC grew its stake in Dana by 536.3% during the 3rd quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 783 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Dana in the 2nd quarter valued at about $45,000. Pinnacle Holdings LLC acquired a new stake in Dana in the 2nd quarter valued at about $49,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Dana in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.