Dana’s (DAN) Outperform Rating Reiterated at BNP Paribas Exane

Dana (NYSE:DAN)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas Exane in a research report issued on Friday, Benzinga reports. They currently have a $34.00 price objective on the auto parts company’s stock, down from their previous price objective of $38.00. BNP Paribas Exane‘s price target points to a potential upside of 49.35% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group cut their price target on shares of Dana from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings cut Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Royal Bank Of Canada dropped their price objective on shares of Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Barclays increased their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.29.

Dana Trading Down 8.4%

Shares of DAN stock traded down $2.08 during trading hours on Friday, hitting $22.77. The company had a trading volume of 618,118 shares, compared to its average volume of 1,488,335. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.03. The company’s fifty day moving average is $29.09 and its 200 day moving average is $31.12. Dana has a fifty-two week low of $18.95 and a fifty-two week high of $39.56. The stock has a market capitalization of $2.27 billion, a PE ratio of 2.38 and a beta of 2.05.

Dana (NYSE:DAN) last released its earnings results on Wednesday, October 28th. The auto parts company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.28). Dana had a return on equity of 5.03% and a net margin of 13.45%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Dana will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Dana

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in Dana in the third quarter worth about $25,000. Fortitude Family Office LLC grew its position in shares of Dana by 536.3% in the 3rd quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 783 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Dana in the 2nd quarter worth approximately $45,000. Pinnacle Holdings LLC bought a new stake in shares of Dana in the 2nd quarter valued at approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Dana in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.