Dana Incorporated (NYSE:DAN) Receives $37.00 Average Price Target from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.00.

DAN has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings cut Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Zacks Research raised Dana from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. UBS Group dropped their price target on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th.

Institutional Investors Weigh In On Dana

Several institutional investors have recently bought and sold shares of DAN. BlackRock Inc. purchased a new position in shares of Dana in the 2nd quarter valued at $496,741,000. Nykredit A S acquired a new position in shares of Dana during the 2nd quarter valued at $84,700,000. JB Capital Partners LP purchased a new stake in Dana during the 2nd quarter worth $50,400,893. Bank of New York Mellon Corp purchased a new stake in Dana during the 2nd quarter worth $25,571,000. Finally, SG Americas Securities LLC increased its holdings in Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after purchasing an additional 642,552 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Trading Up 1.9%

Shares of DAN stock opened at $30.53 on Tuesday. The firm has a market cap of $3.28 billion, a P/E ratio of 3.04 and a beta of 2.01. Dana has a 1-year low of $17.74 and a 1-year high of $39.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The firm’s 50-day simple moving average is $29.22 and its 200-day simple moving average is $31.71.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Dana’s revenue for the quarter was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities analysts forecast that Dana will post 1.93 EPS for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio (DPR) is presently 4.78%.

Dana Company Profile

Dana Incorporated (NYSE:DAN) is a global supplier of drivetrain, propulsion, and thermal-management technologies for the automotive, commercial vehicle, and off-highway markets. The company develops and manufactures systems that help vehicles transmit power, manage heat, and improve efficiency across conventional, hybrid, and electric powertrains.

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.