Dana (NYSE:DAN) Price Target Raised to $23.00 at Wells Fargo & Company

Dana (NYSE:DAN) had its target price upped by Wells Fargo & Company from $21.00 to $23.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Dana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Barclays raised their price objective on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Royal Bank Of Canada increased their target price on shares of Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dana in a report on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Dana has an average rating of “Moderate Buy” and an average target price of $26.40.

Dana Trading Up 1.5%

NYSE:DAN opened at $21.61 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96. Dana has a one year low of $10.11 and a one year high of $22.91. The company has a market cap of $2.52 billion, a PE ratio of 48.02, a PEG ratio of 3.96 and a beta of 2.16. The firm has a 50-day moving average of $20.51 and a 200-day moving average of $18.97.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. Dana’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. As a group, equities research analysts expect that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Dana’s dividend payout ratio (DPR) is presently 88.89%.

Hedge Funds Weigh In On Dana

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Dana in the second quarter worth $25,000. Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter worth $176,000. SG Americas Securities LLC bought a new position in shares of Dana during the 3rd quarter worth $488,000. Horizon Investments LLC purchased a new stake in Dana in the 3rd quarter worth about $553,000. Finally, Entropy Technologies LP increased its holdings in Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after acquiring an additional 27,116 shares during the last quarter. Hedge funds and other institutional investors 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.