Dana (NYSE:DAN) PT Lowered to $14.00 at Barclays

Dana (NYSE:DAN) had its target price reduced by Barclays from $16.00 to $14.00 in a research report released on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the auto parts company’s stock.

DAN has been the subject of several other reports. UBS Group lowered their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $13.00 to $9.00 in a research note on Friday, September 20th. Wolfe Research started coverage on shares of Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price target on shares of Dana in a research note on Tuesday, September 10th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.67.

Dana Stock Performance

DAN opened at $11.10 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 123.28, a PEG ratio of 0.62 and a beta of 2.28. The company has a fifty day moving average of $10.58 and a 200 day moving average of $11.91. Dana has a fifty-two week low of $9.16 and a fifty-two week high of $15.07.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. As a group, sell-side analysts forecast that Dana will post 0.95 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, August 9th. Dana’s payout ratio is 444.44%.

Institutional Trading of Dana

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