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

Dana Incorporated (NYSE:DAN) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

Several equities research analysts recently issued reports on DAN shares. UBS Group decreased their price target on Dana from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada dropped their target price on Dana from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Wells Fargo & Company cut their price target on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $34.00 price objective (down from $38.00) on shares of Dana in a research report on Friday, October 30th.

Dana Stock Down 3.5%

Shares of NYSE DAN opened at $21.49 on Wednesday. Dana has a 12-month low of $18.95 and a 12-month high of $39.56. The company has a 50-day moving average of $28.17 and a 200 day moving average of $30.98. The stock has a market cap of $2.15 billion, a PE ratio of 29.73 and a beta of 2.14. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

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

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 6th. Dana’s payout ratio is presently 5.03%.

Institutional Investors Weigh In On Dana

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

Dana Company Profile

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.