Dana (NYSE:DAN) Price Target Raised to $17.00 at Wells Fargo & Company

Dana (NYSE:DAN) had its target price boosted by Wells Fargo & Company from $15.00 to $17.00 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

DAN has been the subject of a number of other reports. Royal Bank of Canada upgraded shares of Dana from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from $14.00 to $20.00 in a research report on Thursday, May 22nd. Barclays raised their price objective on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Wall Street Zen upgraded Dana from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Finally, UBS Group upped their target price on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Dana has a consensus rating of “Moderate Buy” and a consensus target price of $20.43.

Dana Price Performance

Dana stock opened at $17.19 on Thursday. The company has a market cap of $2.50 billion, a P/E ratio of -44.06, a price-to-earnings-growth ratio of 0.72 and a beta of 2.11. Dana has a one year low of $7.58 and a one year high of $18.03. The business has a fifty day moving average of $14.65 and a two-hundred day moving average of $13.94. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter last year, the business earned $0.02 EPS. As a group, analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. Dana’s payout ratio is currently -166.67%.

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its stake in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of Dana during the 1st quarter worth about $146,000. GAMMA Investing LLC boosted its stake in shares of Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after purchasing an additional 40,394 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after buying an additional 1,662 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after buying an additional 3,368 shares during the last quarter. Institutional investors and hedge funds 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.