Shares of Dana Incorporated (NYSE:DAN – Get Free Report) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.00.
DAN has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on Dana from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Barclays reaffirmed an “overweight” rating and set a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report 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 stock an “outperform” rating in a research report on Tuesday, September 2nd. Finally, UBS Group restated a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Dana in a research note on Monday, July 14th.
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Dana Trading Down 0.6%
NYSE DAN opened at $19.91 on Tuesday. The company has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $16.47. The stock 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. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02.
Dana (NYSE:DAN – Get Free Report) last announced 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). 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 analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $0.31 earnings per share. Dana’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts forecast that Dana will post 1.5 earnings per share for the current year.
Dana Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 8th. Dana’s dividend payout ratio (DPR) is currently -250.00%.
Insider Buying and Selling at Dana
In other news, CAO James D. Kellett sold 11,728 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of DAN. GAMMA Investing LLC boosted its position in Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after purchasing an additional 40,394 shares in the last quarter. SG Americas Securities LLC increased its holdings 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 valued at $599,000 after purchasing an additional 1,662 shares in the last quarter. JB Capital Partners LP lifted its stake in shares of Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after purchasing an additional 20,000 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of Dana by 11.5% in the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after purchasing an additional 32,241 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in Dana during the first quarter worth $2,434,000. 96.79% of the stock is owned by institutional investors and hedge funds.
Dana Company Profile
(Get Free Report)
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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Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Moderate Buy” by Analysts
