Dana (NYSE:DAN) Price Target Cut to $33.00 by Analysts at Barclays

Key Points

• Barclays cut Dana’s price target from $35 to $33 while maintaining an “equal weight” rating, implying approximately 44.7% upside from the stock’s $22.81 price.
• Analyst sentiment remains mixed: MarketBeat reports an average rating of “Hold” and an average price target of $35, with five Buy, three Hold, and one Sell rating.
• Dana’s latest quarterly results missed earnings expectations, reporting $0.41 in EPS versus the $0.69 consensus estimate, although revenue rose 6.4% year over year to $2.04 billion.

Dana (NYSE:DAN - Get Free Report) had its price target reduced by analysts at Barclays from $35.00 to $33.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the auto parts company's stock. Barclays's price objective points to a potential upside of 44.68% from the company's current price.

DAN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft cut their price target on Dana from $40.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Weiss Ratings lowered Dana from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on Dana from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday. UBS Group lowered their price target on Dana from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.00.

Dana Price Performance

Shares of Dana stock traded down $0.30 during trading on Monday, hitting $22.81. 2,222,049 shares of the company were exchanged, compared to its average volume of 1,498,662. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 2.39 and a beta of 2.14. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dana has a fifty-two week low of $18.95 and a fifty-two week high of $39.56. The firm has a 50 day moving average price of $28.94 and a 200 day moving average price of $31.10.

Dana (NYSE:DAN - Get Free Report) last released its quarterly 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 last year, the firm posted $0.07 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Dana will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of Dana

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Dana in the second quarter valued at $496,741,000. Nykredit A S acquired a new stake in shares of Dana in the 2nd quarter valued at about $84,700,000. JB Capital Partners LP bought a new stake in Dana in the 2nd quarter valued at about $50,400,893. Bank of New York Mellon Corp bought a new stake in Dana in the 2nd quarter valued at about $25,571,000. Finally, Bank of America Corp DE acquired a new position in Dana during the 2nd quarter worth approximately $17,276,000. Institutional investors own 96.79% of the company's stock.

About Dana

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.

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