Dana (NYSE:DAN) Raised to Outperform at BNP Paribas

Dana (NYSE:DAN) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $16.00 price target on the auto parts company’s stock, up from their prior price target of $9.00. BNP Paribas’ target price indicates a potential upside of 41.28% from the company’s current price.

Several other research firms also recently issued reports on DAN. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $12.00 price target on shares of Dana in a research note on Tuesday, September 10th. Wolfe Research began coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $12.00 to $18.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Dana presently has a consensus rating of “Hold” and an average target price of $13.86.

Dana Trading Up 13.3 %

Dana stock opened at $11.33 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. Dana has a 12 month low of $7.58 and a 12 month high of $15.07. The company’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $11.07. The stock has a market cap of $1.64 billion, a P/E ratio of -102.95, a P/E/G ratio of 0.97 and a beta of 2.36.

Dana (NYSE:DAN) last announced its quarterly 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 positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company earned $0.30 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dana will post 0.85 EPS for the current fiscal year.

Institutional Trading of Dana

Institutional investors and hedge funds have recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in Dana during the third quarter worth $250,000. SG Americas Securities LLC bought a new stake in Dana in the second quarter valued at about $388,000. Martingale Asset Management L P acquired a new position in Dana in the third quarter worth about $346,000. Segall Bryant & Hamill LLC bought a new position in Dana during the third quarter worth about $2,687,000. Finally, Rhumbline Advisers boosted its holdings in 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. 96.79% of the stock is currently 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.