Dana (NYSE:DAN - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $24.00 to $23.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the auto parts company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 41.32% from the company's current price.
DAN has been the topic of several other reports. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Barclays reissued an "overweight" rating and issued a $25.00 target price (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a report on Thursday, June 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 price target (up from $20.00) on shares of Dana in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dana currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.
View Our Latest Stock Analysis on DAN
Dana Stock Down 1.3%
NYSE:DAN traded down $0.22 during trading hours on Monday, reaching $16.28. The company's stock had a trading volume of 347,388 shares, compared to its average volume of 1,880,269. The company has a market capitalization of $2.37 billion, a P/E ratio of -67.85, a price-to-earnings-growth ratio of 1.02 and a beta of 2.09. Dana has a 12 month low of $7.58 and a 12 month high of $18.05. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43. The stock has a 50 day moving average price of $16.91 and a two-hundred day moving average price of $14.94.
Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The business's quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.02 EPS. Equities analysts predict that Dana will post 1.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new stake in Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP increased its holdings in shares of Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after buying an additional 407,000 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock worth $10,822,000 after buying an additional 17,569 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after buying an additional 3,732 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock worth $914,000 after buying an additional 4,531 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.
About Dana
(
Get Free Report)
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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