Wells Fargo & Company Boosts Dana (NYSE:DAN) Price Target to $23.00

Dana (NYSE:DAN) had its target price increased by investment analysts at Wells Fargo & Company from $21.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.32% from the company’s previous close.

Several other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their target price on Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. UBS Group raised their price target on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research report on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.40.

Dana Price Performance

Shares of NYSE:DAN opened at $22.70 on Tuesday. The firm has a market capitalization of $2.65 billion, a PE ratio of 50.45, a PEG ratio of 4.03 and a beta of 2.16. Dana has a 1-year low of $10.11 and a 1-year high of $22.91. The business’s 50 day moving average is $20.56 and its 200-day moving average is $19.00. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. Sell-side analysts predict that Dana will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Dana

A number of institutional investors and hedge funds have recently made changes to their positions in DAN. Tudor Investment Corp ET AL lifted its stake in shares of Dana by 1,706.3% during the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after acquiring an additional 201,344 shares during the period. Horizon Investments LLC acquired a new position in Dana during the 3rd quarter valued at about $553,000. Entropy Technologies LP raised its stake in shares of Dana by 266.2% during the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after buying an additional 27,116 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in shares of Dana by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 13,270 shares during the last quarter. 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.