Dana (NYSE:DAN) Given New $23.00 Price Target at Barclays

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

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $10.00 to $16.00 in a research report on Monday. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Dana Trading Up 3.4 %

Shares of Dana stock opened at $16.17 on Tuesday. Dana has a 12-month low of $7.58 and a 12-month high of $16.21. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average is $11.85 and its 200-day moving average is $10.92. The stock has a market cap of $2.34 billion, a P/E ratio of -146.94 and a beta of 2.31.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm earned $0.30 EPS. Dana’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DAN. JB Capital Partners LP increased its holdings 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 buying an additional 128,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Dana in the 3rd quarter worth approximately $2,687,000. SG Americas Securities LLC lifted its stake in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Dana by 2.0% during 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. Finally, Martingale Asset Management L P purchased a new stake in Dana in the third quarter worth $346,000. 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.