Dana (NYSE:DAN) Price Target Cut to $33.00 by Analysts at Barclays

Dana (NYSE:DAN) had its target price dropped by equities research analysts at Barclays from $35.00 to $33.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s price objective would suggest a potential upside of 44.68% from the stock’s previous close.

DAN has been the subject of several other reports. Royal Bank Of Canada lowered their price objective on Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. BNP Paribas Exane restated an “outperform” rating and set a $34.00 price target (down from $38.00) on shares of Dana in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.00.

Dana Stock Down 1.3%

DAN traded down $0.30 during trading on Monday, hitting $22.81. 2,222,049 shares of the company’s stock were exchanged, compared to its average volume of 1,498,662. Dana has a fifty-two week low of $18.95 and a fifty-two week high of $39.56. The stock has a market cap of $2.28 billion, a P/E ratio of 2.39 and a beta of 2.14. The business’s 50 day moving average is $28.94 and its two-hundred day moving average is $31.10. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.28). The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.97 billion. Dana had a net margin of 13.45% and a return on equity of 5.03%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, equities analysts expect that Dana will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of Dana

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Dana in the 2nd quarter worth approximately $496,741,000. Nykredit A S bought a new stake in shares of Dana during the 2nd quarter valued at $84,700,000. JB Capital Partners LP purchased a new stake in Dana during the 2nd quarter worth about $50,400,893. Bank of New York Mellon Corp bought a new position in Dana in the 2nd quarter worth about $25,571,000. Finally, Bank of America Corp DE bought a new stake in shares of Dana during the second quarter valued at about $17,276,000. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.