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

Dana (NYSE:DAN) had its price objective raised by UBS Group from $18.00 to $20.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

DAN has been the subject of a number of other reports. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $16.00 in a report on Monday. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and upped their target price for the company from $9.00 to $19.00 in a report on Monday, December 9th. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $18.00 in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.86.

Dana Stock Performance

NYSE:DAN opened at $16.51 on Monday. The stock’s 50-day moving average is $12.02 and its 200-day moving average is $10.96. Dana has a 1-year low of $7.58 and a 1-year high of $16.64. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.39 billion, a P/E ratio of -150.09 and a beta of 2.31.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that Dana will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC raised its holdings in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the period. GAMMA Investing LLC increased its position in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after buying an additional 1,464 shares in the last quarter. Versant Capital Management Inc increased its position in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares in the last quarter. Entropy Technologies LP acquired a new position in Dana during the 3rd quarter worth approximately $250,000. Finally, SG Americas Securities LLC boosted its holdings in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares in the last quarter. Institutional investors and hedge funds 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.