Dana Inc (NYSE:DAN) Receives Average Rating of “Buy” from Analysts

Shares of Dana Inc (NYSE:DAN) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.11.

Several analysts recently issued reports on the company. ValuEngine downgraded Dana from a “sell” rating to a “strong sell” rating in a report on Thursday. Credit Suisse Group assumed coverage on Dana in a report on Wednesday, June 26th. They issued an “outperform” rating and a $22.00 price target for the company. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wolfe Research downgraded Dana from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 18th. They noted that the move was a valuation call.

In other Dana news, VP James D. Kellett sold 2,825 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $16.05, for a total value of $45,341.25. Following the completion of the transaction, the vice president now directly owns 2,704 shares of the company’s stock, valued at approximately $43,399.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

A number of large investors have recently bought and sold shares of DAN. Advisory Services Network LLC boosted its position in Dana by 357.8% in the 2nd quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,782 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in Dana in the 1st quarter valued at about $145,000. Oakbrook Investments LLC purchased a new position in Dana in the 1st quarter valued at about $177,000. World Asset Management Inc purchased a new position in Dana in the 1st quarter valued at about $188,000. Finally, ARP Americas LP purchased a new position in Dana in the 2nd quarter valued at about $203,000. 94.31% of the stock is owned by institutional investors.

Shares of DAN stock traded down $0.47 on Friday, reaching $15.17. 3,055,842 shares of the stock were exchanged, compared to its average volume of 1,758,257. The stock has a market cap of $2.40 billion, a PE ratio of 5.11, a P/E/G ratio of 1.42 and a beta of 2.17. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average price is $18.40. Dana has a 1-year low of $12.65 and a 1-year high of $21.53.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.02). Dana had a net margin of 2.67% and a return on equity of 29.55%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Dana will post 3.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.10 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.64%. Dana’s payout ratio is currently 13.47%.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Analyst Recommendations for Dana (NYSE:DAN)

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