Dana (NYSE:DAN) Stock Rating Lowered by Barclays

Dana (NYSE:DAN) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, Marketbeat reports. They presently have a $33.00 price target on the auto parts company’s stock. Barclays‘s price target would suggest a potential upside of 26.17% from the company’s current price.

DAN has been the topic of a number of other research reports. UBS Group boosted their price objective on shares of Dana from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings upgraded Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Wall Street Zen cut Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, JPMorgan Chase & Co. boosted their target price on Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.33.

Dana Stock Performance

NYSE:DAN opened at $26.16 on Thursday. The firm has a market cap of $2.83 billion, a PE ratio of 2.54 and a beta of 1.99. Dana has a fifty-two week low of $15.31 and a fifty-two week high of $39.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The business has a 50 day moving average price of $33.49 and a 200-day moving average price of $31.61.

Dana (NYSE:DAN) last issued its earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The firm had revenue of $1.87 billion during the quarter. Equities research analysts predict that Dana will post 2.26 earnings per share for the current year.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after buying an additional 439 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Dana in the 2nd quarter worth about $176,000. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in shares of Dana in the 4th quarter worth about $309,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.