Dana (NYSE:DAN) Upgraded at BNP Paribas

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

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

Dana Stock Down 0.6 %

DAN stock opened at $12.28 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The firm has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $11.08. The company has a market capitalization of $1.78 billion, a P/E ratio of -111.63, a PEG ratio of 1.17 and a beta of 2.36. Dana has a twelve month low of $7.58 and a twelve month high of $15.07.

Dana (NYSE:DAN) last released its earnings results 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). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $0.30 EPS. Dana’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities research analysts predict that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, November 8th. Dana’s payout ratio is -363.60%.

Institutional Investors Weigh In On Dana

Large investors have recently made changes to their positions in the company. Entropy Technologies LP bought a new position in Dana in the 3rd quarter worth approximately $250,000. Martingale Asset Management L P acquired a new position in Dana during the 3rd quarter worth $346,000. SG Americas Securities LLC bought a new position in shares of Dana in the second quarter worth $388,000. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the third quarter valued at $2,687,000. Finally, Rhumbline Advisers raised its stake in shares of Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares in the last quarter. Institutional investors and hedge funds 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.