Dana (NYSE:DAN) Receives Overweight Rating from Barclays

Dana (NYSE:DAN - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $25.00 price target on the auto parts company's stock, up from their prior price target of $20.00. Barclays's price objective indicates a potential upside of 42.98% from the company's current price.

A number of other analysts have also weighed in on DAN. Royal Bank of Canada raised shares of Dana from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from $14.00 to $20.00 in a report on Thursday, May 22nd. Wells Fargo & Company upped their price objective on shares of Dana from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Thursday. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.43.

Dana Trading Up 1.5%

NYSE DAN traded up $0.26 during mid-day trading on Thursday, reaching $17.49. 543,132 shares of the stock were exchanged, compared to its average volume of 1,720,490. Dana has a one year low of $7.58 and a one year high of $18.03. The stock has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $13.96. The stock has a market cap of $2.55 billion, a P/E ratio of -44.87, a P/E/G ratio of 0.72 and a beta of 2.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its holdings 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 valued at $48,000 after acquiring an additional 3,732 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Dana in the 1st quarter worth about $146,000. GAMMA Investing LLC lifted its stake in shares of Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after buying an additional 40,394 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after acquiring an additional 1,662 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock worth $627,000 after acquiring an additional 3,368 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.