Dana (NYSE:DAN) Given New $12.00 Price Target at Barclays

Dana (NYSE:DAN) had its target price cut by Barclays from $14.00 to $12.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other research firms have also issued reports on DAN. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Wolfe Research began coverage on Dana in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company cut Dana from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $13.00 to $9.00 in a research report on Friday, September 20th. Finally, UBS Group reduced their target price on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Dana has a consensus rating of “Hold” and a consensus target price of $12.83.

Dana Stock Performance

Shares of DAN opened at $7.67 on Thursday. The firm has a market cap of $1.11 billion, a PE ratio of -69.68, a PEG ratio of 0.50 and a beta of 2.28. The stock’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $11.73. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.90. Dana has a 1 year low of $7.63 and a 1 year high of $15.07.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts forecast that Dana will post 0.94 EPS for the current year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio is presently -363.60%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC bought a new position in Dana Incorporated (NYSE:DAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.