Barclays Boosts Dana (NYSE:DAN) Price Target to $20.00

Dana (NYSE:DAN - Get Free Report) had its price target hoisted by research analysts at Barclays from $17.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the auto parts company's stock. Barclays's target price indicates a potential upside of 39.23% from the stock's previous close.

A number of other analysts have also commented on DAN. StockNews.com lowered Dana from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. UBS Group boosted their price objective on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada upped their price objective on Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday, February 21st. Wells Fargo & Company raised shares of Dana from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $10.00 to $16.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.14.

Dana Trading Up 1.9 %

Shares of DAN stock traded up $0.27 during trading hours on Friday, reaching $14.37. The company's stock had a trading volume of 60,859 shares, compared to its average volume of 1,663,502. The firm's fifty day simple moving average is $13.12 and its 200 day simple moving average is $12.38. Dana has a one year low of $7.58 and a one year high of $16.90. The stock has a market capitalization of $2.09 billion, a P/E ratio of -36.83, a P/E/G ratio of 0.72 and a beta of 2.26. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm's revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. Equities research analysts expect that Dana will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently bought and sold shares of DAN. Versant Capital Management Inc raised its position in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after purchasing an additional 2,234 shares during the period. GAMMA Investing LLC boosted its holdings in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 1,464 shares during the period. Yousif Capital Management LLC grew its position in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after acquiring an additional 1,130 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after purchasing an additional 142,850 shares during the period. Finally, Cibc World Markets Corp boosted its stake in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock valued at $7,944,000 after purchasing an additional 12,220 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.

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