Dana (NYSE:DAN) Price Target Raised to $19.00

Key Points

• Wells Fargo & Company has raised its price target for Dana (NYSE:DAN) to $19.00, indicating a potential downside of 8.44% based on the stock's previous close.
• Analysts show a mixed sentiment towards Dana, with six giving a "Buy" rating and two a "Hold" rating, leading to a consensus rating of "Moderate Buy" and an average target price of $21.57.
• Dana's recent earnings report showed a miss with a 0.05 EPS, significantly below the expected 0.40 EPS, alongside a 5.5% decline in revenue year-over-year.

Dana (NYSE:DAN - Get Free Report) had its price target lifted by equities researchers at Wells Fargo & Company from $18.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the auto parts company's stock. Wells Fargo & Company's price target suggests a potential downside of 8.44% from the stock's previous close.

Other research analysts have also issued reports about the company. Royal Bank Of Canada raised their target price on Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their target price on Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Cfra Research raised Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating and set a $25.00 target price (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Finally, Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Dana has a consensus rating of "Moderate Buy" and an average target price of $21.57.

Dana Stock Up 0.7%

Shares of DAN opened at $20.75 on Tuesday. Dana has a 52 week low of $7.58 and a 52 week high of $20.92. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -129.69, a PEG ratio of 1.91 and a beta of 2.12. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a fifty day moving average of $17.97 and a 200-day moving average of $15.84.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm's revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Insider Activity at Dana

In other Dana news, CAO James D. Kellett sold 11,728 shares of Dana stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in shares of Dana in the 2nd quarter worth approximately $25,000. SG Americas Securities LLC boosted its stake in shares of Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after buying an additional 1,662 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company's stock worth $958,000 after buying an additional 5,405 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company's stock worth $6,877,000 after buying an additional 8,787 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Dana in the 2nd quarter worth approximately $176,000. 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.

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