Dana (NYSE:DAN) Price Target Cut to $12.00 by Analysts at UBS Group

Dana (NYSE:DAN) had its price objective dropped by investment analysts at UBS Group from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective would indicate a potential upside of 6.29% from the company’s current price.

A number of other analysts have also recently weighed in on DAN. Wells Fargo & Company decreased their price target on shares of Dana from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Oppenheimer upped their target price on Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.67.

Dana Trading Down 1.2 %

Shares of DAN traded down $0.14 during mid-day trading on Wednesday, reaching $11.29. The company had a trading volume of 102,053 shares, compared to its average volume of 1,217,703. Dana has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The firm has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $13.01. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 125.46 and a beta of 2.33. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61.

Dana (NYSE:DAN) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that Dana will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

Hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its position in shares of Dana by 71.5% during the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after buying an additional 14,800 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Dana by 164.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after purchasing an additional 375,000 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other 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.