Dana (NYSE:DAN) Stock Rating Upgraded by UBS Group

Dana (NYSE:DAN) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a $18.00 target price on the auto parts company’s stock, up from their previous target price of $11.00. UBS Group’s target price suggests a potential upside of 39.04% from the company’s previous close.

Other equities analysts have also issued reports about the company. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective 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 raised Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, Barclays raised Dana from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.14.

Dana Stock Performance

Shares of DAN stock opened at $12.95 on Thursday. The business’s 50-day moving average price is $11.01 and its 200-day moving average price is $10.81. Dana has a 12 month low of $7.58 and a 12 month high of $14.22. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -117.68 and a beta of 2.31. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts forecast that Dana will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its holdings in shares of 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. Entropy Technologies LP bought a new stake in shares of Dana during the third quarter valued at approximately $250,000. Segall Bryant & Hamill LLC bought a new stake in shares of Dana during the third quarter valued at approximately $2,687,000. JB Capital Partners LP increased its holdings in shares of 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. Finally, Martingale Asset Management L P bought a new stake in shares of Dana during the third quarter valued at approximately $346,000. 96.79% of the stock is currently owned by 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.