Barclays Lowers Dana (NYSE:DAN) Price Target to $12.00

Dana (NYSE:DAN) had its price objective cut by equities research analysts at Barclays from $14.00 to $12.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s target price suggests a potential upside of 51.71% from the company’s current price.

Several other equities analysts have also recently commented on the stock. UBS Group reduced their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price target on shares of Dana in a research report on Tuesday, September 10th. JPMorgan Chase & Co. reduced their price target on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company cut shares of Dana from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $13.00 to $9.00 in a research report on Friday, September 20th. Finally, StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.83.

Dana Stock Performance

NYSE:DAN opened at $7.91 on Thursday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.90. The firm has a 50-day moving average of $10.43 and a two-hundred day moving average of $11.73. The stock has a market cap of $1.15 billion, a P/E ratio of -71.90, a PEG ratio of 0.50 and a beta of 2.28. Dana has a 1-year low of $7.63 and a 1-year high of $15.07.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. On average, research analysts expect that Dana will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC purchased a new stake in Dana Incorporated (NYSE:DAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Institutional investors own 96.79% of the company’s stock.

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.