Dana (NYSE:DAN – Get Free Report) was upgraded by investment analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm presently has a $16.00 price objective on the auto parts company’s stock, up from their previous price objective of $10.00. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.02% from the company’s previous close.
Several other research analysts also recently commented on DAN. JPMorgan Chase & Co. cut their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $18.00 in a report on Monday, December 2nd. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and increased their price target for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.
View Our Latest Report on Dana
Dana Trading Up 3.4 %
Dana (NYSE:DAN – Get Free Report) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Equities research analysts anticipate that Dana will post 0.85 EPS for the current year.
Hedge Funds Weigh In On Dana
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JB Capital Partners LP lifted its holdings in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after acquiring an additional 128,000 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Dana during the third quarter valued at about $2,687,000. SG Americas Securities LLC lifted its stake in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter valued at about $346,000. Hedge funds and other 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.
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