Dana (DAN) PT Raised to $23.00

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Dana (NYSE:DAN) had its target price hoisted by Royal Bank of Canada from $22.00 to $23.00 in a research report report published on Tuesday morning. They currently have an outperform rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on DAN. UBS Group raised shares of Dana from a neutral rating to a buy rating and set a $19.00 price objective for the company in a research report on Friday, January 4th. Stephens reissued a hold rating and issued a $16.00 price objective on shares of Dana in a research report on Sunday, January 6th. KeyCorp set a $20.00 price objective on shares of Dana and gave the company a buy rating in a research report on Friday, January 18th. Zacks Investment Research cut shares of Dana from a hold rating to a sell rating in a research report on Thursday, January 3rd. Finally, Deutsche Bank began coverage on shares of Dana in a research report on Thursday, December 13th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $22.09.

Dana stock opened at $18.05 on Tuesday. Dana has a twelve month low of $12.65 and a twelve month high of $27.21. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. The stock has a market capitalization of $2.65 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.88.

Dana (NYSE:DAN) last posted its earnings results on Friday, February 15th. The auto parts company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. Dana had a net margin of 5.24% and a return on equity of 33.01%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. On average, equities analysts forecast that Dana will post 3.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.22%. Dana’s dividend payout ratio (DPR) is 13.47%.

A number of institutional investors have recently added to or reduced their stakes in DAN. BlackRock Inc. lifted its position in shares of Dana by 2.6% in the 4th quarter. BlackRock Inc. now owns 19,251,879 shares of the auto parts company’s stock worth $262,402,000 after purchasing an additional 490,320 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Dana by 1.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,467,658 shares of the auto parts company’s stock worth $88,154,000 after purchasing an additional 63,654 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dana by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,342,857 shares of the auto parts company’s stock worth $59,193,000 after purchasing an additional 137,551 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Dana by 117.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock worth $38,361,000 after purchasing an additional 1,520,977 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Dana by 29.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,619,399 shares of the auto parts company’s stock worth $35,703,000 after purchasing an additional 599,876 shares during the period. 94.25% of the stock is owned by institutional investors.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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