UBS Group Trims Dana (NYSE:DAN) Target Price to $21.00

Dana (NYSE:DAN) had its price objective decreased by UBS Group from $22.00 to $21.00 in a report issued on Thursday, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the auto parts company’s stock.

Several other research analysts have also issued reports on DAN. TheStreet lowered Dana from a b- rating to a c+ rating in a research report on Tuesday, August 20th. Zacks Investment Research upgraded Dana from a sell rating to a hold rating in a research report on Monday, August 12th. Credit Suisse Group initiated coverage on Dana in a research report on Wednesday, June 26th. They issued an outperform rating and a $22.00 price target on the stock. Barclays reduced their price target on Dana from $24.00 to $22.00 and set an overweight rating on the stock in a research report on Thursday. Finally, ValuEngine lowered Dana from a sell rating to a strong sell rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $21.10.

NYSE:DAN opened at $15.23 on Thursday. Dana has a 12-month low of $11.57 and a 12-month high of $21.17. The company has a quick ratio of 1.01, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.07 billion, a P/E ratio of 5.13, a P/E/G ratio of 1.26 and a beta of 2.25. The stock’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $17.15.



Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.02). Dana had a return on equity of 29.55% and a net margin of 2.67%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts expect that Dana will post 3.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.40 annualized dividend and a yield of 2.63%. Dana’s dividend payout ratio is presently 13.47%.

In other Dana news, EVP Mark E. Wallace sold 44,570 shares of Dana stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $13.41, for a total transaction of $597,683.70. Following the transaction, the executive vice president now directly owns 145,431 shares in the company, valued at $1,950,229.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DAN. Resources Investment Advisors LLC. lifted its holdings in Dana by 345.5% during the second quarter. Resources Investment Advisors LLC. now owns 2,254 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 1,748 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Dana by 357.8% during the second quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 1,782 shares in the last quarter. ARP Americas LP acquired a new stake in shares of Dana in the 2nd quarter valued at about $203,000. Magnus Financial Group LLC raised its stake in shares of Dana by 9.3% in the 1st quarter. Magnus Financial Group LLC now owns 13,259 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 1,126 shares during the period. Finally, Atria Investments LLC acquired a new stake in shares of Dana in the 2nd quarter valued at about $239,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Analyst Recommendations for Dana (NYSE:DAN)

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