UBS Group Issues Pessimistic Forecast for Dana (NYSE:DAN) Stock Price

Dana (NYSE:DAN) had its target price cut by research analysts at UBS Group from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. UBS Group’s target price would suggest a potential upside of 66.44% from the stock’s current price.

A number of other research firms have also commented on DAN. Royal Bank of Canada lifted their target price on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, February 21st. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Barclays lifted their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $10.00 to $16.00 in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Dana presently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Dana Stock Up 1.7 %

Shares of NYSE:DAN opened at $10.82 on Thursday. The firm has a market capitalization of $1.58 billion, a P/E ratio of -27.73, a P/E/G ratio of 0.72 and a beta of 2.26. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a 50 day moving average price of $14.21 and a 200-day moving average price of $12.24. Dana has a 52-week low of $7.58 and a 52-week high of $16.90.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. As a group, equities research analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently bought and sold shares of the stock. JB Capital Partners LP raised its stake in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares during the period. Great Lakes Advisors LLC increased its holdings in Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after acquiring an additional 142,850 shares in the last quarter. Yousif Capital Management LLC raised its stake in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after acquiring an additional 1,130 shares during the period. GAMMA Investing LLC lifted its holdings in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Dana in the fourth quarter worth approximately $9,498,000. 96.79% of the stock is currently owned by hedge funds and other 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.