Dana (NYSE:DAN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dana (NYSE:DAN) had its price target lifted by investment analysts at Wells Fargo & Company from $12.00 to $15.00 in a report issued on Monday,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 7.12% from the company’s previous close.

DAN has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. UBS Group boosted their price objective on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. StockNews.com raised Dana from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Barclays upped their price target on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Royal Bank of Canada upped their price target on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dana has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Dana Stock Performance

Shares of NYSE:DAN opened at $16.15 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The business’s 50 day moving average price is $13.45 and its 200-day moving average price is $12.90. The firm has a market capitalization of $2.35 billion, a PE ratio of -41.41, a P/E/G ratio of 0.72 and a beta of 2.07. Dana has a 1 year low of $7.58 and a 1 year high of $16.90.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, equities research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently modified their holdings of the company. JB Capital Partners LP raised its holdings in shares of Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after buying an additional 20,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after buying an additional 17,569 shares during the period. Loomis Sayles & Co. L P purchased a new stake in shares of Dana in the 4th quarter valued at $9,498,000. Cibc World Markets Corp raised its holdings in shares of Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares during the period. Finally, Great Lakes Advisors LLC raised its holdings in shares of Dana by 11.5% in the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after buying an additional 32,241 shares during the period. 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.