Barclays Cuts Dana (NYSE:DAN) Price Target to $17.00

Dana (NYSE:DAN) had its price objective reduced by Barclays from $23.00 to $17.00 in a report released on Tuesday morning, Marketbeat.com reports. They currently have an overweight rating on the auto parts company’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price target on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. UBS Group dropped their price objective on Dana from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lifted their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dana has an average rating of “Hold” and a consensus target price of $17.50.

Dana Trading Up 5.8 %

Shares of DAN stock opened at $11.75 on Tuesday. Dana has a 12-month low of $7.58 and a 12-month high of $16.90. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The company has a 50 day moving average of $13.82 and a 200-day moving average of $12.25. The firm has a market cap of $1.71 billion, a P/E ratio of -30.11, a PEG ratio of 0.72 and a beta of 2.26.

Dana (NYSE:DAN) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. Sell-side analysts anticipate that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 3.41%. Dana’s payout ratio is presently -102.56%.

Hedge Funds Weigh In On Dana

A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Dana by 118.3% during the 4th 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 during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares in the last quarter. Great Lakes Advisors LLC lifted its position 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 buying an additional 142,850 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after acquiring an additional 12,220 shares during the last quarter. Institutional investors 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.