Barclays Increases Dana (NYSE:DAN) Price Target to $23.00

Dana (NYSE:DAN) had its price objective boosted by Barclays from $18.00 to $23.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other equities analysts have also recently issued reports on the company. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Three 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.86.

Dana Stock Up 0.6 %

DAN opened at $16.60 on Tuesday. The business’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $11.00. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a one year low of $7.58 and a one year high of $16.87. The stock has a market capitalization of $2.41 billion, a P/E ratio of -150.91 and a beta of 2.31.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) 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 analyst estimates of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Analysts anticipate that Dana will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Dana

Several institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the 3rd quarter worth approximately $2,687,000. JB Capital Partners LP raised its position in shares of 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 worth $14,880,000 after purchasing an additional 128,000 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Dana during the 3rd quarter worth approximately $346,000. SG Americas Securities LLC raised 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 during the last quarter. Finally, Entropy Technologies LP acquired a new position in Dana in the 3rd quarter valued at $250,000. 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.