Dana (NYSE:DAN) had its price target decreased by analysts at Barclays from $24.00 to $22.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective would indicate a potential upside of 48.45% from the company’s previous close.
DAN has been the subject of a number of other research reports. ValuEngine lowered shares of Dana from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. KeyCorp dropped their target price on shares of Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday. Zacks Investment Research upgraded shares of Dana from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. TheStreet lowered shares of Dana from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. Finally, Credit Suisse Group started coverage on shares of Dana in a research report on Wednesday, June 26th. They set an “outperform” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.90.
Shares of NYSE:DAN opened at $14.82 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.01 and a current ratio of 1.63. The firm has a fifty day moving average price of $14.32 and a 200 day moving average price of $17.18. Dana has a fifty-two week low of $11.57 and a fifty-two week high of $21.17. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 1.27 and a beta of 2.25.
Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.02). Dana had a return on equity of 29.55% and a net margin of 2.67%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $0.74 EPS. Dana’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Dana will post 3.24 earnings per share for the current year.
In other Dana news, EVP Mark E. Wallace sold 44,570 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the transaction, the executive vice president now owns 145,431 shares in the company, valued at $1,950,229.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Resources Investment Advisors LLC. lifted its position in Dana by 345.5% during the second quarter. Resources Investment Advisors LLC. now owns 2,254 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 1,748 shares during the last quarter. Advisory Services Network LLC lifted its position in Dana by 357.8% during the second quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 1,782 shares during the last quarter. Atria Investments LLC bought a new position in Dana during the second quarter valued at $239,000. ARP Americas LP bought a new position in Dana during the second quarter valued at $203,000. Finally, US Bancorp DE lifted its position in Dana by 11.3% during the second quarter. US Bancorp DE now owns 13,161 shares of the auto parts company’s stock valued at $262,000 after purchasing an additional 1,333 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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