Barclays Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DAN) had its price objective increased by equities research analysts at Barclays from $18.00 to $23.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price points to a potential upside of 39.30% from the stock’s previous close.

Other research analysts have also issued research reports about the company. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $16.00 in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.86.

Dana Price Performance

Shares of Dana stock opened at $16.51 on Tuesday. 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 one year low of $7.58 and a one year high of $16.64. The business’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $10.96. The stock has a market capitalization of $2.39 billion, a P/E ratio of -150.09 and a beta of 2.31.

Dana (NYSE:DAN) last released 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 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%. Dana’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Analysts forecast that Dana will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Dana

Several hedge funds have recently added to or reduced their stakes in DAN. Yousif Capital Management LLC boosted its stake in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Dana by 118.3% during the fourth 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 last quarter. Versant Capital Management Inc increased its position in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares in the last quarter. Martingale Asset Management L P purchased a new position in Dana in the 3rd quarter worth approximately $346,000. Finally, JB Capital Partners LP lifted its position in Dana by 9.9% in 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 acquiring an additional 128,000 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

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.