Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Dana Incorporated has received a consensus rating of "Moderate Buy" from eight research firms, with an average twelve-month price target of $22.00.
• The company's recent quarterly earnings report showed a miss on earnings per share, reporting $0.05 against analysts' expectations of $0.40, and revenues fell 5.5% compared to last year.
• A quarterly dividend of $0.10 per share was recently paid, which translates to an annualized dividend yield of 2.0%.

Dana Incorporated (NYSE:DAN - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $22.00.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. UBS Group restated a "buy" rating and set a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Dana from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Barclays restated an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Finally, Wells Fargo & Company raised their price objective on Dana from $19.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th.

Insider Activity at Dana

In related 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 transaction of $218,727.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dana

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings 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 valued at $574,000 after purchasing an additional 40,394 shares during the last quarter. SG Americas Securities LLC increased its position 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 in the last quarter. JB Capital Partners LP raised its stake 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 valued at $24,524,000 after buying an additional 20,000 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after acquiring an additional 32,241 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Dana in the first quarter worth about $2,434,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of Dana stock opened at $19.91 on Tuesday. 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 stock's fifty day moving average price is $18.96 and its 200-day moving average price is $16.47. The firm has a market cap of $2.61 billion, a P/E ratio of -124.44, a P/E/G ratio of 1.86 and a beta of 2.12. Dana has a 12 month low of $7.58 and a 12 month high of $21.40.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations 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 was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. Dana's payout ratio is presently -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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