Barclays Has Lowered Expectations for Dana (NYSE:DAN) Stock Price

Dana (NYSE:DAN - Free Report) had its target price decreased by Barclays from $23.00 to $17.00 in a research note published on Tuesday morning, MarketBeat.com reports. Barclays currently has an overweight rating on the auto parts company's stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. StockNews.com cut shares of Dana from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their price objective on shares of Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, UBS Group decreased their target price on shares of Dana from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. 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 company's stock. Based on data from MarketBeat, Dana has a consensus rating of "Hold" and a consensus target price of $17.50.

Dana Trading Up 5.8 %

DAN traded up $0.65 during trading on Tuesday, hitting $11.75. 3,441,645 shares of the stock traded hands, compared to its average volume of 1,648,696. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of -30.11, a price-to-earnings-growth ratio of 0.72 and a beta of 2.26. Dana has a 12-month low of $7.58 and a 12-month high of $16.90. The firm has a 50-day moving average of $13.73 and a 200 day moving average of $12.26.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.33 billion. Equities research analysts anticipate that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The firm 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 of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.41%. Dana's dividend payout ratio (DPR) is presently -102.56%.

Hedge Funds Weigh In On Dana

A number of large investors have recently bought and sold shares of DAN. Versant Capital Management Inc increased its position in shares of Dana by 484.6% during 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 during the period. GAMMA Investing LLC raised its position in 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 in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock worth $657,000 after buying an additional 1,130 shares during the period. Great Lakes Advisors LLC grew its position 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 worth $3,246,000 after buying an additional 142,850 shares in the last quarter. Finally, Cibc World Markets Corp increased its stake in shares of 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 buying an additional 12,220 shares during the period. Hedge funds and other 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.