Dana (NYSE:DAN) Price Target Raised to $28.00

Dana (NYSE:DAN) had its target price lifted by JPMorgan Chase & Co. from $26.00 to $28.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other brokerages also recently commented on DAN. Cfra Research raised shares of Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their price target on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Wells Fargo & Company lowered their price target on Dana from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Barclays lifted their price objective on Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, UBS Group boosted their target price on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.57.

Dana Stock Performance

NYSE:DAN opened at $21.48 on Monday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.00 and a current ratio of 1.31. Dana has a fifty-two week low of $7.72 and a fifty-two week high of $22.13. The firm has a market cap of $2.82 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 1.47 and a beta of 2.16. The business has a 50 day moving average price of $20.00 and a 200-day moving average price of $17.79.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. Dana has set its FY 2025 guidance at EPS. Equities research analysts predict that Dana will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 7th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. Dana’s dividend payout ratio is 88.89%.

Insider Buying and Selling

In other news, CAO James D. Kellett sold 11,728 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total transaction of $218,727.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its stake in shares of Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock valued at $768,000 after purchasing an additional 1,279 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Dana in the 3rd quarter worth approximately $488,000. State of Tennessee Department of Treasury grew its stake in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares during the last quarter. Captrust Financial Advisors bought a new position in Dana during the 2nd quarter valued at approximately $176,000. Finally, Loomis Sayles & Co. L P raised its stake in Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after buying an additional 44,010 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

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.