Dana (NYSE:DAN) Given New $22.00 Price Target at Wells Fargo & Company

Dana (NYSE:DAN) had its target price hoisted by Wells Fargo & Company from $19.00 to $22.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

A number of other research analysts have also recently issued reports on DAN. Royal Bank Of Canada lifted their price target on shares of Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Barclays reiterated an “overweight” rating and set a $25.00 target price (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Cfra Research upgraded Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. UBS Group reiterated a “buy” rating and set a $23.00 price objective (up previously from $22.00) on shares of Dana in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their target price on Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Dana Trading Down 0.7%

DAN opened at $19.69 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02. Dana has a 52 week low of $7.58 and a 52 week high of $21.40. The stock has a market cap of $2.58 billion, a PE ratio of -123.06, a PEG ratio of 1.84 and a beta of 2.12. The business has a 50 day moving average of $18.81 and a 200-day moving average of $16.35.

Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.35). The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.Dana’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. Equities research analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.10 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. Dana’s payout ratio is currently -250.00%.

Insider Activity at Dana

In other Dana news, CAO James D. Kellett sold 11,728 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Trading of Dana

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after purchasing an additional 40,394 shares during the period. SG Americas Securities LLC raised its stake in Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after buying an additional 1,662 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Dana during the 1st quarter valued at $146,000. Segall Bryant & Hamill LLC purchased a new position in shares of Dana in the 1st quarter worth $2,434,000. Finally, JB Capital Partners LP grew its holdings in shares of Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock worth $24,524,000 after acquiring an additional 20,000 shares during the period. 96.79% of the stock is currently owned by 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.