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.

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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.

Analyst Recommendations for Dana (NYSE:DAN)

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