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

Dana (NYSE:DAN) had its price target boosted by research analysts at Wells Fargo & Company from $21.00 to $23.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.11% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research note on Monday, December 1st. Zacks Research cut Dana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Barclays boosted their price target on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Finally, UBS Group lifted their target price on Dana from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Dana Stock Up 1.9%

Shares of DAN stock traded up $0.40 during trading hours on Tuesday, reaching $21.68. 930,345 shares of the company’s stock were exchanged, compared to its average volume of 1,914,282. Dana has a 1 year low of $10.11 and a 1 year high of $22.91. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23. The stock has a market cap of $2.53 billion, a PE ratio of 48.25, a PEG ratio of 3.91 and a beta of 2.16. The stock’s fifty day moving average price is $20.48 and its two-hundred day moving average price is $18.93.

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

Institutional Investors Weigh In On Dana

Hedge funds have recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of Dana by 3.5% in the 3rd quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock valued at $768,000 after purchasing an additional 1,279 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Dana in the second quarter valued at approximately $25,000. State of Tennessee Department of Treasury increased its position in shares of Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Dana by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Dana during the 2nd quarter worth approximately $176,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Dana

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.