Dana (NYSE:DAN) Sets New 1-Year High - Time to Buy?

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.16 and last traded at $16.01, with a volume of 146334 shares changing hands. The stock had previously closed at $13.23.

Analyst Ratings Changes

Several equities analysts have commented on DAN shares. Barclays raised shares of Dana from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. reduced their target price on Dana from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, November 11th. UBS Group upgraded Dana from a "neutral" rating to a "buy" rating and increased their price target for the company from $11.00 to $18.00 in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.14.

Dana Stock Up 14.6 %

The firm has a 50-day moving average price of $11.53 and a two-hundred day moving average price of $10.88. The company has a market capitalization of $2.20 billion, a P/E ratio of -137.82 and a beta of 2.31. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $0.30 earnings per share. Dana's revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts anticipate that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

Several large investors have recently added to or reduced their stakes in DAN. JB Capital Partners LP raised its stake in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company's stock valued at $14,880,000 after buying an additional 128,000 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Dana in the third quarter valued at about $2,687,000. SG Americas Securities LLC raised its position in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company's stock worth $615,000 after purchasing an additional 26,225 shares in the last quarter. Martingale Asset Management L P bought a new position in Dana during the third quarter worth about $346,000. Finally, Entropy Technologies LP acquired a new stake in Dana during the third quarter valued at approximately $250,000. Institutional investors and hedge funds 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.