Dana (NYSE:DAN) Price Target Cut to $14.00 by Analysts at Barclays

Dana (NYSE:DAN) had its target price decreased by investment analysts at Barclays from $16.00 to $14.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s price target suggests a potential upside of 25.17% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wolfe Research assumed coverage on shares of Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. UBS Group dropped their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company lowered Dana from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $13.00 to $9.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dana presently has an average rating of “Hold” and a consensus target price of $13.67.

Dana Stock Performance

NYSE DAN opened at $11.19 on Tuesday. The business’s 50 day moving average price is $10.57 and its 200-day moving average price is $11.92. Dana has a fifty-two week low of $9.16 and a fifty-two week high of $15.07. The company has a market cap of $1.62 billion, a P/E ratio of 124.28, a P/E/G ratio of 0.62 and a beta of 2.28. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Sell-side analysts predict that Dana will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dana stock. SG Americas Securities LLC boosted its holdings in shares of Dana Incorporated (NYSE:DAN) by 81.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,274 shares of the auto parts company’s stock after buying an additional 26,225 shares during the quarter. SG Americas Securities LLC’s holdings in Dana were worth $615,000 as of its most recent SEC filing. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Dana

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.