Analysts Set Dana Incorporated (NYSE:DAN) PT at $22.00

Shares of Dana Incorporated (NYSE:DAN) have received an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.8571.

DAN has been the subject of several research analyst reports. UBS Group restated a “buy” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Barclays reissued an “overweight” rating and set a $25.00 price target (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Dana in a research report on Saturday, September 27th. Wells Fargo & Company dropped their price target on Dana from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada upped their target price on Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Trading of Dana

Large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Dana during the 2nd quarter worth about $25,000. Captrust Financial Advisors bought a new stake in shares of Dana during the 2nd quarter worth about $176,000. Cornerstone Investment Partners LLC bought a new stake in shares of Dana during the 1st quarter worth about $146,000. GAMMA Investing LLC boosted its stake in shares of Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after acquiring an additional 40,394 shares in the last quarter. Finally, SG Americas Securities LLC boosted 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 purchasing an additional 1,662 shares during the period. Institutional investors own 96.79% of the company’s stock.

Dana Price Performance

Shares of NYSE DAN opened at $19.54 on Tuesday. Dana has a twelve month low of $7.58 and a twelve month high of $21.40. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -122.13, a price-to-earnings-growth ratio of 1.85 and a beta of 2.09. The business has a 50 day simple moving average of $19.32 and a 200-day simple moving average of $16.66.

Dana (NYSE:DAN) last released 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). 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

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

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.