UBS Group Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DAN) had its price target upped by research analysts at UBS Group from $18.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. UBS Group’s price objective points to a potential upside of 31.82% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $18.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. reduced their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $16.00 in a research note on Monday. Finally, BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Three 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Dana Stock Performance

DAN traded down $0.03 on Monday, reaching $15.17. 340,674 shares of the stock were exchanged, compared to its average volume of 1,612,621. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.11. The firm has a market capitalization of $2.20 billion, a PE ratio of -137.92 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. The company’s 50-day moving average price is $11.53 and its 200 day moving average price is $10.87.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.57 billion. During the same period last year, the firm earned $0.30 earnings per share. Dana’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DAN. GAMMA Investing LLC increased its stake in Dana by 118.3% in the 4th 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 in the last quarter. Versant Capital Management Inc grew 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 last quarter. Martingale Asset Management L P purchased a new position in shares of Dana in the third quarter valued at $346,000. JB Capital Partners LP raised its position in 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 worth $14,880,000 after acquiring an additional 128,000 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Dana during the 3rd quarter valued at $2,687,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.