Dana Incorporated (NYSE:DAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Dana Incorporated (NYSE:DAN) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.5714.

DAN has been the topic of a number of research reports. Royal Bank Of Canada upped their price target on shares of Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. UBS Group reiterated a “buy” rating and set a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Barclays restated an “overweight” rating and issued a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Wall Street Zen raised Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Dana from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, July 21st.

Dana Trading Down 0.9%

NYSE DAN opened at $20.58 on Friday. The firm has a market cap of $2.70 billion, a P/E ratio of -128.63, a P/E/G ratio of 1.92 and a beta of 2.12. Dana has a one year low of $7.58 and a one year high of $20.92. The stock’s 50-day moving average is $18.03 and its 200-day moving average is $15.87. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00.

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

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Dana’s dividend payout ratio is currently -250.00%.

Insider Transactions at Dana

In other Dana news, CAO James D. Kellett sold 11,728 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dana

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after acquiring 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. JB Capital Partners LP raised its position in 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. Segall Bryant & Hamill LLC bought a new position in Dana in the first quarter worth approximately $2,434,000. Finally, Cornerstone Investment Partners LLC bought a new position in Dana in the 1st quarter worth $146,000. Hedge funds and other 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.