Dana (NYSE:DAN) Given New $14.00 Price Target at JPMorgan Chase & Co.

Dana (NYSE:DAN) had its target price lowered by JPMorgan Chase & Co. from $16.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

A number of other equities research analysts have also issued reports on the company. Wolfe Research started coverage on Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their target price on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays lowered their target price on Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Dana Stock Performance

NYSE DAN opened at $8.55 on Monday. The business’s 50-day moving average price is $10.09 and its 200 day moving average price is $11.57. Dana has a twelve month low of $7.58 and a twelve month high of $15.07. The company has a market capitalization of $1.24 billion, a PE ratio of -77.82, a price-to-earnings-growth ratio of 0.81 and a beta of 2.30. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, research analysts predict that Dana will post 0.87 earnings per share for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio is presently -363.64%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC bought a new stake in shares of Dana in the 3rd quarter worth approximately $2,687,000. Entropy Technologies LP bought a new stake in shares of Dana in the 3rd quarter worth approximately $250,000. SG Americas Securities LLC lifted its holdings in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Company Profile

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.