Dana (NYSE:DAN) Price Target Raised to $20.00

Dana (NYSE:DAN) had its price objective increased by UBS Group from $18.00 to $20.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a buy rating on the auto parts company’s stock.

DAN has been the topic of a number of other research reports. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $12.00 to $18.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $10.00 to $16.00 in a research report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dana currently has a consensus rating of “Moderate Buy” and an average price target of $18.86.

Dana Price Performance

NYSE:DAN opened at $16.51 on Monday. 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 $16.64. The stock’s 50 day moving average price is $12.02 and its two-hundred day moving average price is $10.96. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -150.09 and a beta of 2.31.

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 negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts anticipate that Dana will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On Dana

Several hedge funds and other institutional investors have recently made changes to their positions in DAN. Yousif Capital Management LLC increased its stake in shares of Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. GAMMA Investing LLC raised its stake in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares in the last quarter. Versant Capital Management Inc raised its stake in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Dana in the 3rd quarter valued at approximately $250,000. Finally, SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 26,225 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.