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

Dana (NYSE:DAN) had its target price lifted by equities research analysts at Barclays from $18.00 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target would indicate a potential upside of 42.28% from the company’s current price.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group boosted their price target on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $16.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dana currently has an average rating of “Moderate Buy” and a consensus price target of $18.86.

Dana Stock Performance

NYSE:DAN traded up $0.54 during mid-day trading on Tuesday, reaching $16.17. The company’s stock had a trading volume of 1,877,840 shares, compared to its average volume of 1,771,325. Dana has a 12-month low of $7.58 and a 12-month high of $16.21. The firm’s fifty day moving average price is $11.53 and its two-hundred day moving average price is $10.87. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.34 billion, a P/E ratio of -146.94 and a beta of 2.31.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, equities analysts forecast that Dana will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. JB Capital Partners LP raised its position in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Dana during the third quarter valued at approximately $2,687,000. SG Americas Securities LLC raised its position in Dana by 81.8% during the third 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 in the last quarter. Yousif Capital Management LLC grew its holdings in Dana by 2.0% in the fourth 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 period. Finally, Martingale Asset Management L P acquired a new stake in Dana in the third quarter valued at approximately $346,000. 96.79% of the stock is currently owned by hedge funds and other 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.