JPMorgan Chase & Co. Cuts Dana (NYSE:DAN) Price Target to $16.00

Dana (NYSE:DAN) had its price objective decreased by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

A number of other analysts have also issued reports on DAN. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $13.00 to $9.00 in a research report on Friday, September 20th. Barclays decreased their target price on shares of Dana from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. UBS Group dropped their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Wolfe Research began coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

Dana Trading Down 1.0 %

NYSE:DAN opened at $10.20 on Monday. The stock has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $11.85. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 113.33, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. Dana has a 1-year low of $9.16 and a 1-year high of $15.07. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. Sell-side analysts forecast that Dana will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC acquired a new position in Dana Incorporated (NYSE:DAN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.