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

Dana (NYSE:DAN) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a $18.00 price objective on the auto parts company’s stock, up from their previous price objective of $11.00. UBS Group’s target price would indicate a potential upside of 48.76% from the company’s previous close.

Several other research firms have also recently weighed in on DAN. JPMorgan Chase & Co. reduced their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $19.00 in a report on Monday, December 9th. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price target on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.14.

Dana Price Performance

Shares of DAN opened at $12.10 on Thursday. The stock has a 50 day simple moving average of $10.84 and a 200 day simple moving average of $10.79. Dana has a 52-week low of $7.58 and a 52-week high of $14.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The firm has a market capitalization of $1.75 billion, a PE ratio of -109.99, a P/E/G ratio of 1.23 and a beta of 2.31.

Dana (NYSE:DAN) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Sell-side analysts predict that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DAN. GAMMA Investing LLC lifted its stake in Dana by 118.3% in 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. Versant Capital Management Inc lifted 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 buying an additional 2,234 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter worth approximately $250,000. Martingale Asset Management L P acquired a new position in shares of Dana during the 3rd quarter worth approximately $346,000. Finally, SG Americas Securities LLC raised 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 valued at $615,000 after acquiring an additional 26,225 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.