Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Dana (NYSE:DAN)

Dana (NYSE:DAN)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $12.00 price objective on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 27.93% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. StockNews.com raised shares of Dana from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price target on Dana from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. UBS Group reduced their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on shares of Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Barclays raised their price target on shares of Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.67.

Dana Price Performance

Shares of Dana stock opened at $9.38 on Tuesday. The business’s fifty day moving average price is $11.26 and its 200 day moving average price is $12.25. Dana has a twelve month low of $9.19 and a twelve month high of $15.91. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1.36 billion, a P/E ratio of 104.22 and a beta of 2.29.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, research analysts anticipate that Dana will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Dana

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares in the last quarter. SG Americas Securities LLC bought a new position in Dana during the second quarter worth $388,000. Great Lakes Advisors LLC boosted its holdings in Dana by 89.5% in the fourth 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 during the period. Finally, Cibc World Markets Corp increased its stake in Dana by 46.0% during the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after purchasing an additional 375,000 shares during the last quarter. 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.