Analysts Set Dana Incorporated (NYSE:DAN) PT at $40.00

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.00.

Several research firms have recently weighed in on DAN. Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price target on Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Barclays lifted their price target on Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Wells Fargo & Company lifted their price target on Dana from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th.

Institutional Investors Weigh In On Dana

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares during the last quarter. Parallel Advisors LLC lifted its stake in Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 987 shares during the last quarter. GAMMA Investing LLC grew its position in Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 439 shares during the last quarter. Captrust Financial Advisors bought a new position in Dana during the second quarter valued at approximately $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in Dana during the fourth quarter valued at approximately $309,000. Institutional investors own 96.79% of the company’s stock.

Dana Price Performance

DAN stock opened at $33.15 on Wednesday. The firm has a 50 day moving average of $34.46 and a 200-day moving average of $29.03. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85. Dana has a 12 month low of $15.31 and a 12 month high of $39.56. The firm has a market capitalization of $3.63 billion, a P/E ratio of 58.17 and a beta of 1.97.

Dana (NYSE:DAN) last released its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. As a group, sell-side analysts predict that Dana will post 2.62 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Dana’s dividend payout ratio is presently 84.21%.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.