Dana (NYSE:DAN) Price Target Raised to $20.00

Dana (NYSE:DAN) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $14.00 to $20.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.75% from the company’s previous close.

DAN has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their target price for the company from $9.00 to $19.00 in a report on Monday, December 9th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a research report on Monday. UBS Group boosted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $18.00 in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.14.

Dana Stock Performance

NYSE:DAN traded up $0.46 during midday trading on Monday, hitting $15.66. The company’s stock had a trading volume of 2,485,327 shares, compared to its average volume of 1,753,447. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.11. The firm’s 50 day moving average is $11.53 and its 200-day moving average is $10.87. The firm has a market cap of $2.27 billion, a P/E ratio of -142.31 and a beta of 2.31.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Dana

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Entropy Technologies LP acquired a new stake in shares of Dana during the 3rd quarter worth approximately $250,000. Martingale Asset Management L P purchased a new stake in Dana in the third quarter valued at $346,000. Finally, Yousif Capital Management LLC grew its holdings in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.