Dana (NYSE:DAN) Price Target Lowered to $12.00 at Barclays

Dana (NYSE:DAN) had its target price dropped by equities research analysts at Barclays from $14.00 to $12.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s price objective indicates a potential upside of 51.71% from the stock’s current price.

DAN has been the subject of a number of other reports. Wells Fargo & Company cut shares of Dana from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $13.00 to $9.00 in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their price objective on shares of Dana from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research started coverage on shares of Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.83.

Dana Price Performance

NYSE DAN opened at $7.91 on Thursday. Dana has a 12 month low of $7.63 and a 12 month high of $15.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.90. The firm has a market capitalization of $1.15 billion, a PE ratio of -71.90, a P/E/G ratio of 0.50 and a beta of 2.28. The company’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $11.73.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $0.30 EPS. Dana’s revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Dana will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC bought a new position in shares of Dana Incorporated (NYSE:DAN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. 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.