UBS Group Increases Dana (NYSE:DAN) Price Target to $23.00

Dana (NYSE:DAN - Get Free Report) had its target price increased by UBS Group from $22.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the auto parts company's stock. UBS Group's target price suggests a potential upside of 34.07% from the company's current price.

Several other equities research analysts have also recently commented on DAN. Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reissued a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Royal Bank Of Canada restated an "outperform" rating and issued a $24.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Finally, Barclays reiterated an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.57.

Dana Stock Performance

NYSE DAN traded up $0.31 during trading on Monday, reaching $17.16. The company's stock had a trading volume of 1,576,369 shares, compared to its average volume of 1,871,560. The business's fifty day moving average price is $16.74 and its 200-day moving average price is $14.70. Dana has a twelve month low of $7.58 and a twelve month high of $18.05. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -71.48, a P/E/G ratio of 1.08 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The business's quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. As a group, analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Institutional Trading of Dana

A number of institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC increased its holdings in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock valued at $4,173,000 after buying an additional 32,241 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Dana by 27,790.5% in the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after acquiring an additional 85,039 shares during the period. JB Capital Partners LP increased its stake in Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after purchasing an additional 20,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Dana during the first quarter worth $2,434,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Dana during the first quarter worth $146,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

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.