Dana (NYSE:DAN) Price Target Cut to $12.00

Dana (NYSE:DAN) had its price target reduced by stock analysts at Wells Fargo & Company from $13.00 to $12.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 2.08% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Oppenheimer upped their price objective on shares of Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dana presently has an average rating of “Hold” and a consensus target price of $16.50.

Dana Stock Down 2.6 %

DAN stock opened at $12.26 on Tuesday. Dana has a 12 month low of $11.10 and a 12 month high of $19.75. The firm has a market cap of $1.78 billion, a PE ratio of 136.18, a P/E/G ratio of 0.48 and a beta of 2.43. The firm has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $13.17. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97.

Dana (NYSE:DAN) last released 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). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Equities research analysts forecast that Dana will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

Hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its position in shares of 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. Neo Ivy Capital Management acquired a new stake in Dana in the 3rd quarter valued at about $1,602,000. Great Lakes Advisors LLC grew its position in shares of 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 buying an additional 59,502 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of 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 buying an additional 176,778 shares during the period. Finally, Cibc World Markets Corp grew its position in shares of 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 buying an additional 375,000 shares during the period. 96.79% of the stock is owned by 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.