Dana (NYSE:DAN) Stock Price Expected to Rise, UBS Group Analyst Says

Dana (NYSE:DAN) had its target price hoisted by investment analysts at UBS Group from $22.00 to $23.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. UBS Group’s target price indicates a potential upside of 36.58% from the company’s previous close.

Several other equities analysts have also recently commented on DAN. Barclays restated an “overweight” rating and issued a $25.00 target price (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen raised shares of Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Dana in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.57.

Dana Trading Down 1.7%

Shares of Dana stock opened at $16.84 on Monday. Dana has a 1 year low of $7.58 and a 1 year high of $18.05. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -70.17, a P/E/G ratio of 1.09 and a beta of 2.09. The business has a fifty day simple moving average of $16.84 and a two-hundred day simple moving average of $14.75. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. Research analysts forecast that Dana will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently made changes to their positions in the stock. JB Capital Partners LP grew its stake in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after acquiring an additional 20,000 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Dana by 1.9% in the 4th 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 in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Dana in the 4th quarter valued at $9,498,000. Cibc World Markets Corp increased its stake 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 purchasing an additional 12,220 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after buying an additional 32,241 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

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.