Dana Incorporated (NYSE:DAN) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Dana Incorporated has received an average rating of "Moderate Buy" from ten brokerages, with six buy ratings and one strong buy rating.
• The company also announced a quarterly dividend of $0.10 per share, which will be paid on November 28th, representing a 2.0% yield.
• Recently, analyst target prices for Dana have increased, with Barclays raising it to $27.00, indicating positive outlooks from various financial institutions.

Dana Incorporated (NYSE:DAN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.5714.

A number of brokerages recently issued reports on DAN. Zacks Research raised Dana from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th. UBS Group reaffirmed a "buy" rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on Dana from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Barclays lifted their target price on Dana from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on Dana from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 20th.

Insiders Place Their Bets

In other Dana news, CAO James D. Kellett sold 11,728 shares of Dana 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dana

Several institutional investors have recently bought and sold shares of DAN. Cornerstone Investment Partners LLC acquired a new position in shares of Dana during the first quarter worth about $146,000. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the first quarter worth about $2,434,000. JB Capital Partners LP grew its position in shares of Dana by 1.1% during 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 buying an additional 20,000 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Dana by 27,790.5% during the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after buying an additional 85,039 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in shares of Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after buying an additional 32,241 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Up 0.1%

Shares of NYSE:DAN opened at $19.87 on Friday. The business has a 50-day moving average price of $19.81 and a 200 day moving average price of $17.19. 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 $2.61 billion, a price-to-earnings ratio of -124.19, a PEG ratio of 1.36 and a beta of 2.09. Dana has a 12-month low of $7.58 and a 12-month high of $21.40.

Dana (NYSE:DAN - Get Free Report) last issued 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Sell-side analysts expect that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th. Dana's payout ratio is currently -250.00%.

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.

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