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

Dana (NYSE:DAN) had its price target hoisted by JPMorgan Chase & Co. from $14.00 to $20.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other brokerages have also recently weighed in on DAN. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $10.00 to $16.00 in a report on Monday. UBS Group raised their target price on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.86.

Dana Trading Up 2.2 %

Shares of DAN stock opened at $16.51 on Monday. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The stock’s fifty day moving average is $12.02 and its two-hundred day moving average is $10.96. The firm has a market capitalization of $2.39 billion, a P/E ratio of -150.09 and a beta of 2.31.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Research analysts expect that Dana will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dana

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

About Dana

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.