Dana (NYSE:DAN) Upgraded at UBS Group

UBS Group upgraded shares of Dana (NYSE:DAN) from a neutral rating to a buy rating in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have $18.00 price target on the auto parts company’s stock, up from their previous price target of $11.00.

Other analysts have also issued research reports about the stock. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and increased their target price for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.14.

Dana Stock Up 0.7 %

Shares of NYSE:DAN opened at $12.95 on Thursday. The company has a 50 day moving average price of $11.01 and a two-hundred day moving average price of $10.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The company has a market capitalization of $1.88 billion, a PE ratio of -117.68 and a beta of 2.31. Dana has a 52 week low of $7.58 and a 52 week high of $14.22.

Dana (NYSE:DAN) last announced its quarterly earnings data 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 company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. Dana’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Analysts forecast that Dana will post 0.85 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s dividend payout ratio (DPR) is presently -363.60%.

Hedge Funds Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position 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 buying an additional 1,464 shares during the period. Versant Capital Management Inc grew its position in shares of Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares during the last quarter. Entropy Technologies LP purchased a new stake in Dana in the 3rd quarter valued at $250,000. Martingale Asset Management L P acquired a new stake in shares of Dana during the third quarter worth $346,000. Finally, SG Americas Securities LLC boosted its position in shares of Dana by 81.8% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.