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

Dana (NYSE:DAN) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $18.00 to $17.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 42.14% from the stock’s current price.

Several other brokerages have also recently commented on DAN. Oppenheimer boosted their target price on Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company dropped their target price on Dana from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Finally, UBS Group dropped their price target on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Dana Stock Performance

DAN opened at $11.96 on Monday. Dana has a twelve month low of $11.10 and a twelve month high of $19.75. The stock has a market cap of $1.73 billion, a PE ratio of 132.79 and a beta of 2.33. The business’s 50 day moving average is $12.88 and its 200-day moving average is $12.85. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61.

Dana (NYSE:DAN) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the firm earned $0.25 EPS. Dana’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Dana will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cibc World Markets Corp grew its position in Dana by 46.0% during the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after purchasing an additional 375,000 shares in the last quarter. Great Lakes Advisors LLC grew its position in Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after purchasing an additional 59,502 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its position in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares in the last quarter. Handelsbanken Fonder AB grew its position in Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Dana during the 2nd quarter worth approximately $388,000. 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.