UBS Group Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DAN - Free Report) had its target price lifted by UBS Group from $20.00 to $22.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the auto parts company's stock.

Several other analysts also recently weighed in on DAN. Barclays boosted their target price on shares of Dana from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their target price on shares of Dana from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Dana from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $20.43.

Dana Stock Down 1.1%

Shares of Dana stock traded down $0.20 on Friday, reaching $17.19. The stock had a trading volume of 2,366,065 shares, compared to its average volume of 1,723,236. The company has a 50 day moving average price of $14.65 and a 200 day moving average price of $13.91. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. Dana has a 1 year low of $7.58 and a 1 year high of $18.03. The stock has a market capitalization of $2.50 billion, a P/E ratio of -44.06, a P/E/G ratio of 0.72 and a beta of 2.11.

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 positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the previous year, the firm earned $0.02 EPS. The firm's quarterly revenue was down 14.0% on a year-over-year basis. As a group, equities research analysts forecast that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. Dana's dividend payout ratio (DPR) is currently -166.67%.

Institutional Trading of Dana

Several large investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after buying an additional 3,732 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Dana during the first quarter worth $146,000. GAMMA Investing LLC boosted its holdings in 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 boosted its holdings in 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 in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in 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 in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.