Wells Fargo & Company Cuts Dana (NYSE:DAN) Price Target to $28.00

Key Points

• Wells Fargo lowered Dana’s price target to $28 from $33 while maintaining an “equal weight” rating, implying roughly 1.75% downside from the reported share price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $36.17; recent firms have both downgraded the stock and reduced targets.
• Dana’s latest quarterly earnings missed estimates, reporting $0.19 in EPS versus the $0.70 consensus, although revenue reached $2.01 billion and rose 3.9% year over year.

Dana (NYSE:DAN - Get Free Report) had its price target decreased by investment analysts at Wells Fargo & Company from $33.00 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the auto parts company's stock. Wells Fargo & Company's price target would suggest a potential downside of 1.75% from the company's current price.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Dana from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dana from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Dana from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, July 6th. Barclays cut shares of Dana from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $41.00 to $33.00 in a research report on Thursday, July 2nd. Finally, UBS Group decreased their price objective on Dana from $42.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.17.

Dana Trading Up 4.3%

Shares of NYSE DAN traded up $1.18 during midday trading on Friday, reaching $28.50. 63,838 shares of the stock were exchanged, compared to its average volume of 1,482,601. The business has a 50-day simple moving average of $29.06 and a two-hundred day simple moving average of $31.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 2.76 and a beta of 1.99. Dana has a 12 month low of $17.38 and a 12 month high of $39.56.

Dana (NYSE:DAN - Get Free Report) last announced its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. Dana had a return on equity of 3.56% and a net margin of 15.12%.Dana's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts expect that Dana will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock worth $38,000 after purchasing an additional 445 shares during the period. Plato Investment Management Ltd acquired a new stake in Dana during the second quarter worth approximately $45,000. Parallel Advisors LLC lifted its holdings in Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock worth $65,000 after purchasing an additional 987 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth $176,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Dana in the second quarter valued at about $252,000. 96.79% of the stock is currently owned by institutional investors.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company's product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana's expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.

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