Dana (NYSE:DAN) Earns "Buy" Rating from UBS Group

Dana (NYSE:DAN - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at UBS Group in a report released on Monday, Marketbeat reports. They presently have a $23.00 price objective on the auto parts company's stock, up from their previous price objective of $22.00. UBS Group's target price would suggest a potential upside of 37.19% from the company's current price.

Other research analysts have also recently issued reports about the company. Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 price target (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Barclays restated an "overweight" rating and issued a $25.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Wells Fargo & Company reiterated a "buy" rating on shares of Dana in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.57.

Dana Trading Down 1.0%

Dana stock traded down $0.17 during trading on Monday, reaching $16.77. 589,001 shares of the company were exchanged, compared to its average volume of 1,860,973. The stock's 50 day simple moving average is $16.88 and its two-hundred day simple moving average is $14.77. The company has a market capitalization of $2.44 billion, a P/E ratio of -69.93, a PEG ratio of 1.08 and a beta of 2.09. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. Dana has a 52-week low of $7.58 and a 52-week high of $18.05.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm posted $0.02 EPS. The company's revenue was down 14.0% compared to the same quarter last year. On average, equities research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Dana

Large investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its stake in Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after purchasing an additional 3,732 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of Dana in the 1st quarter valued at about $146,000. GAMMA Investing LLC grew its position 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 worth $574,000 after buying an additional 40,394 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after buying an additional 1,662 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in shares of Dana by 6.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock worth $627,000 after buying 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.