UBS Group Upgrades Dana (NYSE:DAN) to “Buy”

Dana (NYSE:DAN) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a $18.00 target price on the auto parts company’s stock, up from their previous target price of $11.00. UBS Group’s price objective indicates a potential upside of 39.04% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.14.

Dana Trading Up 0.7 %

Shares of Dana stock opened at $12.95 on Thursday. The stock has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $10.81. Dana has a 12-month low of $7.58 and a 12-month high of $14.22. The company has a market capitalization of $1.88 billion, a P/E ratio of -117.68 and a beta of 2.31. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last announced 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). 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 for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company posted $0.30 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 period. Entropy Technologies LP bought a new stake in shares of Dana during the 3rd quarter valued at $250,000. Martingale Asset Management L P bought a new stake in shares of Dana during the 3rd quarter valued at $346,000. Finally, SG Americas Securities LLC increased its stake in Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.