Dana (NYSE:DAN) Given New $20.00 Price Target at UBS Group

Dana (NYSE:DAN) had its price objective hoisted by UBS Group from $18.00 to $20.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the auto parts company’s stock.

Several other equities research analysts also recently commented on the company. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $10.00 to $16.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.14.

Dana Stock Up 3.0 %

NYSE:DAN opened at $15.66 on Monday. Dana has a 1-year low of $7.58 and a 1-year high of $16.11. The company has a market capitalization of $2.27 billion, a PE ratio of -142.31 and a beta of 2.31. The firm’s 50-day moving average price is $11.53 and its 200-day moving average price is $10.87. 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 (NYSE:DAN) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $0.30 EPS. Dana’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities analysts predict that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JB Capital Partners LP raised its stake in Dana by 9.9% during the 3rd 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 purchased a new stake in Dana during the third quarter valued at $2,687,000. SG Americas Securities LLC lifted its holdings in 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 acquiring an additional 26,225 shares during the period. Yousif Capital Management LLC grew its stake in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the period. Finally, Martingale Asset Management L P purchased a new stake in shares of Dana during the 3rd quarter valued at about $346,000. 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.