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

Dana (NYSE:DAN) had its price objective raised by Barclays from $18.00 to $23.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

DAN has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and increased their price target for the company from $9.00 to $19.00 in a report on Monday, December 9th. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $10.00 to $16.00 in a report on Monday. UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

Dana Price Performance

Shares of Dana stock opened at $16.60 on Tuesday. The business has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $11.00. Dana has a 12 month low of $7.58 and a 12 month high of $16.87. The stock has a market capitalization of $2.41 billion, a P/E ratio of -150.91 and a beta of 2.31. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Dana (NYSE:DAN) last announced its 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 company earned $0.30 EPS. Dana’s revenue was down 7.2% compared to the same quarter last year. As a group, analysts predict that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the period. GAMMA Investing LLC boosted its holdings in Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Entropy Technologies LP purchased a new position in Dana in the third quarter valued at $250,000. Martingale Asset Management L P purchased a new position in Dana in the third quarter valued at $346,000. Finally, Yousif Capital Management LLC boosted 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. 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.