Dana (NYSE:DAN) Upgraded by Barclays to “Overweight” Rating

Barclays upgraded shares of Dana (NYSE:DAN) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat Ratings reports. They currently have $18.00 price target on the auto parts company’s stock, up from their previous price target of $12.00.

DAN has been the subject of several other reports. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their price objective on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 price target on shares of Dana in a research report on Tuesday, September 10th. Finally, Wolfe Research initiated coverage on shares of Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.50.

Dana Stock Performance

Shares of NYSE:DAN opened at $11.33 on Monday. The business’s 50-day simple moving average is $9.71 and its 200 day simple moving average is $11.07. The company has a market cap of $1.64 billion, a P/E ratio of -102.95, a PEG ratio of 0.97 and a beta of 2.30. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a one year low of $7.58 and a one year high of $15.07.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for 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 company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. On average, sell-side analysts forecast that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.53%. The ex-dividend date was Friday, November 8th. Dana’s dividend payout ratio (DPR) is presently -363.64%.

Institutional Trading of Dana

Several institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new position in shares of Dana in the 3rd quarter valued at about $250,000. Martingale Asset Management L P acquired a new position in Dana in the third quarter valued at approximately $346,000. SG Americas Securities LLC bought a new position in shares of Dana during the second quarter valued at approximately $388,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana during the 3rd quarter worth approximately $2,687,000. Finally, Rhumbline Advisers raised its position in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the period. Institutional investors own 96.79% of the company’s stock.

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.