Dana (NYSE:DAN) Reaches New 12-Month High – What’s Next?

Dana Incorporated (NYSE:DAN)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.64 and last traded at $16.51, with a volume of 2162970 shares. The stock had previously closed at $16.15.

Analyst Upgrades and Downgrades

DAN has been the topic of a number of research reports. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, Barclays lifted their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Dana Trading Up 2.2 %

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 company has a 50 day moving average of $12.02 and a 200 day moving average of $10.96. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -150.09 and a beta of 2.31.

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 positive return on equity of 3.48% and a negative net margin of 0.15%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Dana Incorporated will post 0.85 EPS for the current year.

Institutional Trading of Dana

Large investors have recently added to or reduced their stakes in the company. JB Capital Partners LP boosted its holdings in shares of Dana by 9.9% in the 3rd 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 in the last quarter. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter valued at $2,687,000. SG Americas Securities LLC boosted 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 worth $615,000 after purchasing an additional 26,225 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in Dana during the 3rd quarter worth about $346,000. 96.79% of the stock is owned by 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.