Dana (NYSE:DAN) Upgraded by BNP Paribas to Outperform Rating

BNP Paribas upgraded shares of Dana (NYSE:DAN) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have $16.00 price target on the auto parts company’s stock, up from their previous price target of $9.00.

Other analysts also recently issued reports about the stock. Wolfe Research assumed coverage on shares of Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $18.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company decreased their target price on shares of Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.86.

Dana Stock Up 6.8 %

DAN stock opened at $12.10 on Tuesday. The firm’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $11.06. The company has a market capitalization of $1.75 billion, a P/E ratio of -109.99, a price-to-earnings-growth ratio of 1.10 and a beta of 2.36. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. Dana has a 12 month low of $7.58 and a 12 month high of $15.07.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS 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 firm’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. As a group, equities research analysts forecast that Dana will post 0.85 earnings per share for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s dividend payout ratio is presently -363.60%.

Hedge Funds Weigh In On Dana

A number of large investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P acquired a new position in Dana during the third quarter worth $346,000. JB Capital Partners LP raised its position in shares of Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the third quarter valued at about $2,687,000. Entropy Technologies LP acquired a new stake in shares of Dana in the third quarter valued at about $250,000. Finally, SG Americas Securities LLC raised its position 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 valued at $615,000 after buying an additional 26,225 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.