UBS Group Trims Dana (NYSE:DAN) Target Price to $12.00

Dana (NYSE:DAN) had its price target decreased by equities research analysts at UBS Group from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price target indicates a potential downside of 0.04% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company decreased their price objective on shares of Dana from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dana presently has a consensus rating of “Hold” and an average target price of $15.67.

Dana Trading Up 6.5 %

Shares of NYSE DAN opened at $12.01 on Wednesday. The stock has a market cap of $1.74 billion, a P/E ratio of 133.40 and a beta of 2.33. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The firm has a 50-day moving average of $13.06 and a 200 day moving average of $12.99.

Dana (NYSE:DAN) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts expect that Dana will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

Hedge funds have recently modified their holdings of the company. Cibc World Markets Corp boosted its position in shares of Dana by 46.0% during the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after acquiring an additional 375,000 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Dana by 164.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after acquiring an additional 176,778 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Dana by 89.5% during the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Dana by 71.5% during the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after acquiring an additional 14,800 shares during the last quarter. 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.