Barclays Upgrades Dana (NYSE:DAN) to Overweight

Dana (NYSE:DAN) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a $18.00 price target on the auto parts company’s stock, up from their previous price target of $12.00. Barclays‘s price target suggests a potential upside of 80.00% from the company’s current price.

Several other research analysts have also commented on DAN. Wolfe Research assumed coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. Wells Fargo & Company reduced their target price on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.50.

Dana Price Performance

DAN stock opened at $10.00 on Monday. Dana has a 12 month low of $7.58 and a 12 month high of $15.07. 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 firm has a market capitalization of $1.45 billion, a P/E ratio of -90.90, a price-to-earnings-growth ratio of 0.97 and a beta of 2.30. The firm has a 50 day moving average of $9.68 and a 200-day moving average of $11.09.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion during 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 for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts predict that Dana will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

Several institutional investors and hedge funds have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the third quarter valued at approximately $2,687,000. JB Capital Partners LP raised its holdings in Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares during the last quarter. Rhumbline Advisers boosted its position in Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares during the period. SG Americas Securities LLC bought a new stake in Dana in the 2nd quarter worth $388,000. Finally, Entropy Technologies LP bought a new stake in Dana in the 3rd quarter worth $250,000. 96.79% of the stock is currently owned by institutional investors.

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.