Dana (NYSE:DAN) Given Outperform Rating at BNP Paribas Exane

Key Points

• BNP Paribas Exane reiterated its “outperform” rating on Dana but cut its price target from $38 to $34, implying approximately 49% upside from the prior close.
• Analyst sentiment is mixed: Dana has five Buy ratings, three Holds, and one Sell, resulting in an overall “Hold” consensus and an average price target of $35.29.
• Dana’s shares fell to $22.77, while the company’s latest quarterly results showed revenue growth of 6.4% year over year but earnings per share of $0.41, below the $0.69 consensus estimate.

Dana (NYSE:DAN - Get Free Report)'s stock had its "outperform" rating restated by BNP Paribas Exane in a research note issued to investors on Friday, Benzinga reports. They presently have a $34.00 price target on the auto parts company's stock, down from their prior price target of $38.00. BNP Paribas Exane's price objective would indicate a potential upside of 49.35% from the company's previous close.

A number of other brokerages have also weighed in on DAN. Royal Bank Of Canada cut their target price on shares of Dana from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday. Zacks Research lowered shares of Dana from a "hold" rating to a "strong sell" rating in a research report on Friday, October 16th. Wells Fargo & Company dropped their price target on shares of Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Dana from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, UBS Group dropped their price target on Dana from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dana presently has an average rating of "Hold" and an average price target of $35.29.

Dana Stock Performance

Shares of Dana stock traded down $2.08 on Friday, reaching $22.77. 618,118 shares of the company traded hands, compared to its average volume of 1,488,335. The company has a 50 day moving average of $29.09 and a 200 day moving average of $31.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.03. Dana has a 52 week low of $18.95 and a 52 week high of $39.56. The firm has a market capitalization of $2.27 billion, a PE ratio of 2.38 and a beta of 2.05.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.28). Dana had a net margin of 13.45% and a return on equity of 5.03%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the company posted $0.07 earnings per share. Dana's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that Dana will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Dana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Dana by 15.8% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,800 shares of the auto parts company's stock worth $240,000 after acquiring an additional 1,200 shares in the last quarter. Signaturefd LLC increased its stake in Dana by 21.0% during the 3rd quarter. Signaturefd LLC now owns 5,456 shares of the auto parts company's stock valued at $149,000 after purchasing an additional 946 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Dana in the 3rd quarter valued at $351,000. Sterling Capital Management LLC increased its holdings in shares of Dana by 17.5% in the third quarter. Sterling Capital Management LLC now owns 21,475 shares of the auto parts company's stock valued at $586,000 after purchasing an additional 3,203 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Dana during the 3rd quarter worth approximately $25,000. Institutional investors own 96.79% of the company's stock.

About Dana

Dana Incorporated NYSE: DAN is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana's products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.

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