Dana (NYSE:DAN) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Dana (NYSE:DAN - Free Report) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat.com reports. UBS Group currently has $18.00 target price on the auto parts company's stock, up from their previous target price of $11.00.

Several other equities research analysts also recently weighed in on the company. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Barclays upgraded shares of Dana from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. Finally, Wells Fargo & Company upped their price target on shares of Dana from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dana currently has an average rating of "Moderate Buy" and an average target price of $16.14.

Dana Price Performance

Dana stock traded up $0.83 during midday trading on Thursday, reaching $12.90. The company's stock had a trading volume of 1,221,169 shares, compared to its average volume of 1,191,762. The stock has a market cap of $1.87 billion, a PE ratio of -116.94 and a beta of 2.31. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a 52 week low of $7.58 and a 52 week high of $14.22. The business has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.79.

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

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.10%. Dana's dividend payout ratio (DPR) is currently -363.60%.

Institutional Investors Weigh In On Dana

Several large investors have recently modified their holdings of DAN. GAMMA Investing LLC boosted its position in Dana by 118.3% during the fourth 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. Versant Capital Management Inc lifted its stake in shares of Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 2,234 shares during the period. Martingale Asset Management L P bought a new stake in shares of Dana during the 3rd quarter valued at about $346,000. JB Capital Partners LP grew its stake in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company's stock worth $14,880,000 after purchasing an additional 128,000 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Dana in the third quarter worth approximately $2,687,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.