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

Dana (NYSE:DAN) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 55.26% from the stock’s current price.

Several other equities research analysts have also recently issued reports on DAN. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 price objective on shares of Dana in a research report on Tuesday, September 10th. Barclays lowered 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 lowered their target price on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $9.00 in a research note on Friday, September 20th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dana presently has a consensus rating of “Hold” and an average price target of $13.50.

Dana Price Performance

Shares of NYSE DAN opened at $10.31 on Monday. Dana has a 52 week low of $9.16 and a 52 week high of $15.07. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 114.50, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The firm has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $11.87. 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 released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the business earned $0.37 earnings per share. Dana’s revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Dana will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dana stock. SG Americas Securities LLC raised its position in Dana Incorporated (NYSE:DAN) by 81.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,274 shares of the auto parts company’s stock after acquiring an additional 26,225 shares during the quarter. SG Americas Securities LLC’s holdings in Dana were worth $615,000 as of its most recent SEC filing. Institutional investors 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.