Dana (NYSE:DAN) Price Target Raised to $16.00 at Royal Bank of Canada

Dana (NYSE:DAN) had its price target increased by Royal Bank of Canada from $13.00 to $16.00 in a research report report published on Friday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the auto parts company’s stock.

DAN has been the subject of several other research reports. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. Barclays lifted their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Trading Down 3.7 %

NYSE DAN opened at $15.71 on Friday. The firm has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $11.46. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a one year low of $7.58 and a one year high of $16.90. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -142.84, a PEG ratio of 0.73 and a beta of 2.33.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.33 billion. Equities research analysts anticipate that Dana will post 0.84 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.55%. Dana’s payout ratio is currently -363.60%.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares in the last quarter. Versant Capital Management Inc raised its holdings in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares in the last quarter. Entropy Technologies LP acquired a new stake in Dana during the third quarter worth approximately $250,000. Finally, Martingale Asset Management L P acquired a new position in shares of Dana in the 3rd quarter valued at $346,000. 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.