Barclays Cuts Dana (NYSE:DAN) Price Target to $17.00

Dana (NYSE:DAN) had its price target dropped by analysts at Barclays from $23.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target indicates a potential upside of 53.85% from the stock’s previous close.

Several other research analysts also recently commented on DAN. Royal Bank of Canada increased their price objective on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a research report on Monday, January 27th. UBS Group reduced their price target on shares of Dana from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.50.

Dana Trading Up 2.4 %

Shares of Dana stock opened at $11.05 on Tuesday. The company has a fifty day moving average of $14.11 and a 200 day moving average of $12.25. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The company has a market capitalization of $1.61 billion, a P/E ratio of -28.33, a P/E/G ratio of 0.72 and a beta of 2.26. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. On average, sell-side analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC grew its stake in Dana by 2.0% in 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares during the period. State of Tennessee Department of Treasury raised its holdings in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 3,368 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 3,732 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.