Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Dana Incorporated has received a consensus rating of "Moderate Buy" from eight brokerages, with one hold rating and seven buy ratings, indicating positive sentiment among analysts.
• The company's average 1-year price target is $21.29, reflecting an optimistic outlook compared to its recent stock performance.
• Dana recently reported quarterly earnings of $0.05 per share, significantly missing estimates of $0.40, alongside a revenue of $1.94 billion, which was below consensus expectations.

Dana Incorporated (NYSE:DAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.5714.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Royal Bank Of Canada raised their price target on shares of Dana from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a research report on Monday, July 14th. Finally, Wells Fargo & Company boosted their price objective on Dana from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Tuesday.

Insiders Place Their Bets

In other Dana news, CAO James D. Kellett sold 11,728 shares of the firm's stock in a transaction on 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 legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in DAN. FNY Investment Advisers LLC acquired a new stake in shares of Dana in the second quarter valued at approximately $25,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Dana in the first quarter valued at about $146,000. Captrust Financial Advisors purchased a new stake in Dana in the 2nd quarter valued at approximately $176,000. GAMMA Investing LLC grew its holdings in Dana by 1,495.0% during the first 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 during the period. Finally, SG Americas Securities LLC grew its stake in shares of Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after purchasing an additional 1,662 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Trading Up 1.2%

Shares of DAN stock traded up $0.24 during trading hours on Friday, hitting $20.79. The company had a trading volume of 1,107,056 shares, compared to its average volume of 1,672,003. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00. The company's fifty day moving average is $18.09 and its 200 day moving average is $15.90. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $20.92. The stock has a market capitalization of $2.73 billion, a PE ratio of -129.93, a price-to-earnings-growth ratio of 1.90 and a beta of 2.12.

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 for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.55 billion. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. Research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. Dana's payout ratio is presently -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.