Dana’s (DAN) Buy Rating Reaffirmed at UBS Group

Dana (NYSE:DAN)‘s stock had its “buy” rating restated by UBS Group in a note issued to investors on Friday, Marketbeat reports. They currently have a $22.00 price objective on the auto parts company’s stock, up from their prior price objective of $20.00. UBS Group’s price objective would indicate a potential upside of 25.14% from the stock’s previous close.

A number of other research analysts also recently commented on DAN. Wells Fargo & Company boosted their price target on Dana from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $24.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday. Wall Street Zen raised Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Barclays reissued an “overweight” rating and set a $25.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.43.

Dana Stock Up 2.0%

Shares of DAN traded up $0.35 during mid-day trading on Friday, hitting $17.58. 561,917 shares of the company’s stock were exchanged, compared to its average volume of 1,720,828. Dana has a 52 week low of $7.58 and a 52 week high of $18.03. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The company has a 50-day simple moving average of $14.65 and a 200 day simple moving average of $13.96. The company has a market cap of $2.56 billion, a PE ratio of -44.82, a P/E/G ratio of 0.72 and a beta of 2.11.

Dana (NYSE:DAN) last released its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $0.02 earnings per share. Dana’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, research analysts forecast that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in shares of Dana by 2.0% in the fourth 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 during the period. Great Lakes Advisors LLC raised its stake in shares of Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares during the period. Cibc World Markets Corp lifted its holdings in Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock worth $7,944,000 after purchasing an additional 12,220 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Dana in the 4th quarter worth about $9,498,000. Finally, JB Capital Partners LP grew its holdings in Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after buying an additional 407,000 shares in the last quarter. 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.