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

Dana (NYSE:DAN) had its price target dropped by research analysts at Barclays from $23.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price would suggest a potential upside of 53.85% from the company’s previous close.

Several other brokerages have also issued reports on DAN. Royal Bank of Canada upped their target price on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. UBS Group dropped their target price on shares of Dana from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dana currently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Dana Stock Performance

Shares of Dana stock opened at $11.05 on Tuesday. Dana has a one year low of $7.58 and a one year high of $16.90. The company has a market capitalization of $1.61 billion, a PE ratio of -28.33, 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 company has a 50-day simple moving average of $14.11 and a two-hundred day simple moving average of $12.25.

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

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Dana by 103.6% in the fourth 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 last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares in the last quarter. 96.79% of the stock is currently 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.