Dana (NYSE:DAN) Price Target Raised to $17.00

Dana (NYSE:DAN) had its price target upped by stock analysts at Wells Fargo & Company from $15.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.08% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada raised shares of Dana from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from $14.00 to $20.00 in a research note on Thursday, May 22nd. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Barclays raised their price objective on shares of Dana from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised shares of Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dana has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Dana Trading Down 1.1%

NYSE:DAN opened at $17.19 on Thursday. 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 firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -44.06, a price-to-earnings-growth ratio of 0.72 and a beta of 2.11. Dana has a one year low of $7.58 and a one year high of $18.03. The business has a fifty day moving average price of $14.65 and a 200-day moving average price of $13.91.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. Sell-side analysts forecast that Dana will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Dana

Hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its holdings in 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 in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Dana during the 1st quarter worth approximately $146,000. GAMMA Investing LLC lifted its holdings in Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after buying an additional 40,394 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Dana by 3.8% during 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 in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after buying an additional 3,368 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.