Dana (NYSE:DAN) Stock Rating Upgraded by Barclays

Dana (NYSE:DAN) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat Ratings 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 target price suggests a potential upside of 48.76% from the stock’s previous close.

DAN has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Dana in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their target price on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.86.

Dana Stock Up 6.8 %

Shares of DAN opened at $12.10 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a 12 month low of $7.58 and a 12 month high of $15.07. The firm’s 50 day moving average is $9.74 and its 200-day moving average is $11.06. The stock has a market capitalization of $1.75 billion, a PE ratio of -109.99, a P/E/G ratio of 1.10 and a beta of 2.36.

Dana (NYSE:DAN) last announced its quarterly earnings data 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 company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. Dana’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities research analysts forecast that Dana will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Dana

Large investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in Dana during the third quarter worth $2,687,000. JB Capital Partners LP boosted its stake in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after buying an additional 128,000 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Dana in the third quarter valued at approximately $346,000. SG Americas Securities LLC purchased a new stake in shares of Dana during the second quarter valued at approximately $388,000. Finally, Entropy Technologies LP bought a new position in Dana in the 3rd quarter valued at $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.