Dana (NYSE:DAN) PT Lowered to $16.00

Dana (NYSE:DAN) had its price target reduced by JPMorgan Chase & Co. from $17.00 to $16.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other research firms also recently issued reports on DAN. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. UBS Group decreased their price objective on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. Wolfe Research initiated coverage on Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Barclays lowered their price target on Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

Dana Trading Up 1.0 %

Shares of DAN stock opened at $10.30 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The stock has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $11.84. Dana has a fifty-two week low of $9.16 and a fifty-two week high of $15.07. The stock has a market capitalization of $1.49 billion, a P/E ratio of 114.44, a P/E/G ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Dana will post 0.95 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.88%. Dana’s dividend payout ratio (DPR) is currently 444.44%.

Hedge Funds Weigh In On Dana

An institutional investor recently bought a new position in Dana stock. SG Americas Securities LLC purchased a new stake in shares of Dana Incorporated (NYSE:DAN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Hedge funds and other institutional investors 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.