Dana Incorporated (NYSE:DAN) Receives Average Recommendation of "Moderate Buy" from Brokerages

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.

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.5714.

A number of research firms recently issued reports on DAN. Royal Bank Of Canada boosted their target price 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. UBS Group reiterated a "buy" rating and set a $23.00 target price (up previously from $22.00) on shares of Dana in a research report on Monday, July 14th. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company boosted their target price on shares of Dana from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Insiders Place Their Bets

In other Dana news, CAO James D. Kellett sold 11,728 shares of the company's stock in a transaction 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC acquired a new position in Dana during the first quarter worth $2,434,000. Jones Financial Companies Lllp raised its holdings in 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 during the last quarter. Loomis Sayles & Co. L P raised its holdings in Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company's stock worth $18,912,000 after buying an additional 44,010 shares during the last quarter. GAMMA Investing LLC raised 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 buying an additional 40,394 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in 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 during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Dana Trading Up 0.5%

Shares of NYSE:DAN traded up $0.10 during trading on Friday, reaching $20.65. The stock had a trading volume of 80,074 shares, compared to its average volume of 1,913,927. The firm's fifty 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 quick ratio of 1.00 and a current ratio of 1.36. Dana has a 52 week low of $7.58 and a 52 week high of $20.92. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -128.68, a P/E/G ratio of 1.92 and a beta of 2.12.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 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 firm 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 company posted $0.31 earnings per share. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.9%. Dana's dividend 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.