Dana (NYSE:DAN) PT Lowered to $12.00

Dana (NYSE:DAN) had its price objective cut by UBS Group from $14.00 to $12.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective suggests a potential upside of 6.29% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Dana from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Oppenheimer upped their price target on Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dana currently has a consensus rating of “Hold” and an average price target of $15.67.

Dana Trading Down 1.2 %

DAN stock traded down $0.14 during midday trading on Wednesday, hitting $11.29. The company had a trading volume of 102,053 shares, compared to its average volume of 1,217,703. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. Dana has a 52 week low of $11.10 and a 52 week high of $19.75. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 125.46 and a beta of 2.33. The stock’s 50 day moving average price is $13.13 and its 200 day moving average price is $13.01.

Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. As a group, equities research analysts expect that Dana will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAN. Cibc World Markets Corp grew its holdings in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after acquiring an additional 375,000 shares during the period. Knights of Columbus Asset Advisors LLC increased its holdings in Dana by 164.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after buying an additional 176,778 shares during the last quarter. Great Lakes Advisors LLC raised its position in Dana by 89.5% in the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after acquiring an additional 14,800 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.