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. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

A number of other equities research analysts also recently commented on DAN. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and raised their target price for the company from $9.00 to $19.00 in a report on Monday, December 9th. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $18.00 in a research note on Monday, December 2nd. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $16.00 in a research report on Monday. Finally, UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

Dana Stock Performance

Shares of DAN stock opened at $16.51 on Monday. The stock’s 50-day moving average is $12.02 and its two-hundred day moving average is $10.96. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a 1 year low of $7.58 and a 1 year high of $16.64. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -150.09 and a beta of 2.31.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts predict that Dana will post 0.85 earnings per share for the current year.

Institutional Trading of Dana

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Versant Capital Management Inc boosted its position in 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 last quarter. Entropy Technologies LP acquired a new stake in shares of Dana during the third quarter valued at about $250,000. Martingale Asset Management L P purchased a new stake in shares of Dana during the third quarter worth about $346,000. Finally, SG Americas Securities LLC lifted its stake in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares in the last quarter. Hedge funds and other institutional investors 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.