Dana (NYSE:DAN) Given New $20.00 Price Target at JPMorgan Chase & Co.

Dana (NYSE:DAN) had its target price boosted by JPMorgan Chase & Co. from $14.00 to $20.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other research firms also recently issued reports on DAN. UBS Group increased their target price on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $10.00 to $16.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.14.

Dana Stock Performance

Shares of Dana stock opened at $15.66 on Monday. Dana has a 12 month low of $7.58 and a 12 month high of $16.11. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.27 billion, a PE ratio of -142.31 and a beta of 2.31. The business has a fifty day simple moving average of $11.53 and a 200-day simple moving average of $10.87.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, sell-side analysts anticipate that Dana will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new position in shares of Dana in the third quarter valued at approximately $2,687,000. JB Capital Partners LP grew its stake in Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares during the period. Versant Capital Management Inc lifted its position in Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Dana during the 3rd quarter worth $250,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.