Dana (NYSE:DAN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company has raised its price target for Dana (NYSE:DAN) to $19.00, indicating a potential downside of 8.44% based on the stock's previous close.
• Analysts show a mixed sentiment towards Dana, with six giving a "Buy" rating and two a "Hold" rating, leading to a consensus rating of "Moderate Buy" and an average target price of $21.57.
• Dana's recent earnings report showed a miss with a 0.05 EPS, significantly below the expected 0.40 EPS, alongside a 5.5% decline in revenue year-over-year.

Dana (NYSE:DAN - Free Report) had its price objective lifted by Wells Fargo & Company from $18.00 to $19.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have an equal weight rating on the auto parts company's stock.

Several other brokerages have also issued reports on DAN. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted 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 restated a "buy" rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, Barclays restated an "overweight" rating and issued a $25.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.57.

Dana Price Performance

Dana stock traded down $0.20 during mid-day trading on Tuesday, hitting $21.05. 1,135,475 shares of the company traded hands, compared to its average volume of 1,537,629. Dana has a one year low of $7.58 and a one year high of $21.40. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -131.54, a price-to-earnings-growth ratio of 1.97 and a beta of 2.12. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a fifty day moving average price of $18.22 and a 200-day moving average price of $15.98.

Dana (NYSE:DAN - Get Free Report) last announced its earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Dana's payout ratio is presently -250.00%.

Insider Activity at Dana

In related news, CAO James D. Kellett sold 11,728 shares of Dana stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DAN. Segall Bryant & Hamill LLC purchased a new position in shares of Dana in the first quarter worth $2,434,000. Jones Financial Companies Lllp increased its stake in shares of Dana by 27,790.5% in 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 period. Loomis Sayles & Co. L P increased its stake in shares of Dana by 4.2% in 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 period. GAMMA Investing LLC increased its stake in shares of Dana by 1,495.0% in 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 period. Finally, Great Lakes Advisors LLC increased its stake in shares of 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 buying an additional 32,241 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.