Dana (NYSE:DAN) Rating Increased to Overweight at Barclays

Dana (NYSE:DAN) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $18.00 target price on the auto parts company’s stock, up from their prior target price of $12.00. Barclays‘s target price points to a potential upside of 80.00% from the stock’s current price.

DAN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $12.00 price target on shares of Dana in a research report on Tuesday, September 10th. JPMorgan Chase & Co. cut their price target 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. Wolfe Research initiated coverage on shares of Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price target on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Dana has a consensus rating of “Hold” and an average target price of $13.50.

Dana Trading Down 1.2 %

NYSE:DAN opened at $10.00 on Monday. Dana has a 12 month low of $7.58 and a 12 month high of $15.07. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -90.90, a PEG ratio of 0.97 and a beta of 2.30. The firm has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $11.09.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Analysts expect that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Entropy Technologies LP bought a new stake in Dana in the 3rd quarter valued at about $250,000. SG Americas Securities LLC bought a new stake in shares of Dana in the second quarter valued at approximately $388,000. Martingale Asset Management L P purchased a new stake in shares of Dana during the 3rd quarter valued at approximately $346,000. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter worth approximately $2,687,000. Finally, Rhumbline Advisers grew its stake in Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.