Dana’s (DAN) Buy Rating Reiterated at Barclays PLC
Dana Incorporated (NYSE:DAN)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays PLC in a note issued to investors on Wednesday. They presently have a $22.00 target price on the stock. Barclays PLC’s price objective indicates a potential upside of 11.11% from the stock’s previous close.
Several other research firms have also recently commented on DAN. Royal Bank Of Canada upgraded Dana from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $17.00 to $24.00 in a research note on Tuesday, December 20th. J P Morgan Chase & Co reiterated a “hold” rating on shares of Dana in a research note on Thursday, November 10th. FBR & Co reiterated an “outperform” rating and set a $17.00 target price on shares of Dana in a research note on Friday, October 21st. RBC Capital Markets reiterated a “buy” rating and set a $24.00 target price on shares of Dana in a research note on Tuesday, January 3rd. Finally, Zacks Investment Research cut Dana from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Dana presently has an average rating of “Hold” and a consensus price target of $20.67.
Shares of Dana (NYSE:DAN) traded down 0.81% during trading on Wednesday, reaching $19.64. 1,846,262 shares of the company’s stock traded hands. The company has a 50 day moving average of $18.69 and a 200-day moving average of $15.22. Dana has a 1-year low of $9.80 and a 1-year high of $19.89. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 40.00 and a beta of 1.59.
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Dana (NYSE:DAN) last released its earnings results on Thursday, October 20th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Dana had a return on equity of 28.86% and a net margin of 1.27%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts predict that Dana will post $1.75 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of Dana by 3.1% in the third quarter. LS Investment Advisors LLC now owns 9,375 shares of the company’s stock valued at $146,000 after buying an additional 283 shares during the period. Oakbrook Investments LLC boosted its position in shares of Dana by 4.3% in the second quarter. Oakbrook Investments LLC now owns 12,100 shares of the company’s stock valued at $128,000 after buying an additional 500 shares during the period. BlackRock Group LTD boosted its position in shares of Dana by 1.0% in the second quarter. BlackRock Group LTD now owns 108,621 shares of the company’s stock valued at $1,147,000 after buying an additional 1,029 shares during the period. BlackRock Inc. boosted its position in shares of Dana by 1.5% in the third quarter. BlackRock Inc. now owns 95,353 shares of the company’s stock valued at $1,486,000 after buying an additional 1,407 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Dana by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 316,370 shares of the company’s stock valued at $3,341,000 after buying an additional 1,740 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.
Dana Company Profile
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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