Wells Fargo & Company Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DANGet Free Report) had its price target upped by analysts at Wells Fargo & Company from $7.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 17.86% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Wolfe Research initiated coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $18.00 in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.29.

Read Our Latest Stock Report on DAN

Dana Price Performance

Shares of NYSE DAN opened at $12.18 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.77 billion, a PE ratio of -111.64, a P/E/G ratio of 1.26 and a beta of 2.36. The firm has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $10.98. Dana has a twelve month low of $7.58 and a twelve month high of $15.07.

Dana (NYSE:DANGet Free Report) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. On average, sell-side analysts forecast that Dana will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new position in Dana during the third quarter valued at about $2,687,000. JB Capital Partners LP grew its position in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares during the period. Rhumbline Advisers increased its stake in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dana in the 2nd quarter worth approximately $388,000. Finally, Entropy Technologies LP purchased a new position in Dana in the third quarter valued at approximately $250,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

(Get Free Report)

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.

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Analyst Recommendations for Dana (NYSE:DAN)

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