Wells Fargo & Company Issues Positive Forecast for Dana (NYSE:DAN) Stock Price

Dana (NYSE:DAN) had its price target increased by Wells Fargo & Company from $7.00 to $10.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

A number of other equities analysts have also weighed in on DAN. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Wolfe Research started coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and upped their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.29.

Dana Trading Down 1.8 %

Shares of Dana stock opened at $12.46 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The business has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $10.99. Dana has a 1 year low of $7.58 and a 1 year high of $15.07. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -113.27, a P/E/G ratio of 1.26 and a beta of 2.36.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Dana will post 0.85 EPS for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s payout ratio is presently -363.64%.

Institutional Trading of Dana

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Dana during the second quarter worth $388,000. Rhumbline Advisers lifted its position in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the last quarter. Entropy Technologies LP acquired a new stake in Dana in the third quarter valued at about $250,000. Segall Bryant & Hamill LLC bought a new position in Dana in the third quarter valued at about $2,687,000. Finally, JB Capital Partners LP raised its stake in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Company Profile

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.