UBS Group Increases Dana (NYSE:DAN) Price Target to $20.00

Dana (NYSE:DAN) had its price target upped by analysts at UBS Group from $18.00 to $20.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target indicates a potential upside of 31.82% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. BNP Paribas raised 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 note on Tuesday, December 3rd. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $10.00 to $16.00 in a report on Monday. JPMorgan Chase & Co. dropped their price target on 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 Dana from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $12.00 to $18.00 in a report on Monday, December 2nd. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.29.

Dana Trading Down 0.2 %

DAN stock traded down $0.03 during midday trading on Monday, hitting $15.17. The stock had a trading volume of 340,674 shares, compared to its average volume of 1,612,621. The company’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. The firm has a market cap of $2.20 billion, a PE ratio of -137.92 and a beta of 2.31. Dana has a 12-month low of $7.58 and a 12-month high of $16.11.

Dana (NYSE:DAN) last released its earnings results 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). 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 during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAN. Versant Capital Management Inc boosted its position in shares of Dana by 484.6% in 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 during the period. GAMMA Investing LLC raised its stake in 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 purchasing an additional 1,464 shares during the last quarter. Entropy Technologies LP bought a new stake in Dana in the 3rd quarter valued at $250,000. Martingale Asset Management L P acquired a new stake in Dana in the 3rd quarter worth $346,000. Finally, SG Americas Securities LLC grew its position in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after buying an additional 26,225 shares in the last quarter. 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.