Barclays PLC Reiterates “Equal Weight” Rating for Dana Incorporated (DAN)
Dana Incorporated (NYSE:DAN)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. They currently have a $26.00 target price on the auto parts company’s stock, up from their previous target price of $24.00. Barclays PLC’s price target indicates a potential upside of 9.11% from the stock’s previous close.
Several other research firms also recently issued reports on DAN. BidaskClub upgraded shares of Dana from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. UBS AG reiterated a “neutral” rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a research note on Tuesday. Buckingham Research upped their target price on shares of Dana from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna Bancshares Inc downgraded shares of Dana from a “neutral” rating to a “negative” rating and set a $19.00 target price for the company. in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.50.
Dana (NYSE DAN) traded up 1.59% during mid-day trading on Wednesday, hitting $24.21. 689,624 shares of the stock traded hands. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 5.13 and a beta of 1.49. The firm’s 50-day moving average is $22.79 and its 200-day moving average is $20.41. Dana has a 12-month low of $12.79 and a 12-month high of $25.10.
Dana (NYSE:DAN) last released its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.17. Dana had a net margin of 10.80% and a return on equity of 30.79%. The company had revenue of $18.40 million during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. Dana’s revenue for the quarter was down 98.8% on a year-over-year basis. Equities research analysts expect that Dana will post $2.31 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/04/barclays-plc-reiterates-equal-weight-rating-for-dana-incorporated-dan.html.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ledyard National Bank bought a new position in Dana during the first quarter worth approximately $168,000. US Bancorp DE increased its position in Dana by 15.0% in the first quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock worth $183,000 after buying an additional 1,233 shares during the period. World Asset Management Inc increased its position in Dana by 0.3% in the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock worth $209,000 after buying an additional 37 shares during the period. Shelton Capital Management bought a new position in Dana during the first quarter worth approximately $210,000. Finally, Koch Industries Inc. bought a new position in Dana during the first quarter worth approximately $237,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.
Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
Receive News & Stock Ratings for Dana Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Incorporated and related stocks with our FREE daily email newsletter.