Dana (NYSE:DAN) Stock Price Expected to Rise, Barclays Analyst Says

Dana (NYSE:DAN) had its price objective raised by Barclays from $18.00 to $23.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

DAN has been the topic of a number of other research reports. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and increased their price target for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $10.00 to $16.00 in a report on Monday. Finally, UBS Group increased their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Dana Stock Performance

Dana stock opened at $16.17 on Tuesday. Dana has a 1-year low of $7.58 and a 1-year high of $16.21. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $2.34 billion, a PE ratio of -146.94 and a beta of 2.31. The firm’s 50 day simple moving average is $11.85 and its 200 day simple moving average is $10.92.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. As a group, analysts expect that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Yousif Capital Management LLC grew its stake in Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after acquiring an additional 1,130 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Dana during the third quarter valued at about $250,000. Finally, SG Americas Securities LLC increased its holdings in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.