UBS Group Lowers Dana (NYSE:DAN) Price Target to $18.00

Dana (NYSE:DAN) had its price target dropped by analysts at UBS Group from $20.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target suggests a potential upside of 66.44% from the stock’s current price.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. Barclays upped their target price on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Dana Trading Up 1.7 %

DAN stock opened at $10.82 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana has a 1-year low of $7.58 and a 1-year high of $16.90. The business has a 50 day simple moving average of $14.21 and a two-hundred day simple moving average of $12.24. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -27.73, a PEG ratio of 0.72 and a beta of 2.26.

Dana (NYSE:DAN) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. Research analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A number of institutional investors and hedge funds have recently modified their holdings of DAN. JB Capital Partners LP increased its stake in Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after purchasing an additional 407,000 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Dana by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock worth $10,822,000 after purchasing an additional 17,569 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Dana in the 4th quarter worth about $9,498,000. Cibc World Markets Corp lifted its holdings in Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after buying an additional 142,850 shares during the period. 96.79% of the stock is 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.