Deutsche Bank Aktiengesellschaft Lowers Dana (NYSE:DAN) Price Target to $21.00

Dana (NYSE:DANGet Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $25.00 to $21.00 in a research note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 26.89% from the stock’s previous close.

Several other equities analysts also recently weighed in on DAN. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 1st. Wells Fargo & Company cut shares of Dana from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $17.00 in a research note on Tuesday, April 12th. BNP Paribas began coverage on shares of Dana in a research note on Monday, April 11th. They set a “neutral” rating on the stock. Exane BNP Paribas started coverage on shares of Dana in a research note on Monday, April 11th. They set a “neutral” rating on the stock. Finally, TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.14.

NYSE:DAN opened at $16.55 on Thursday. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $17.81 and a two-hundred day moving average price of $21.29. Dana has a twelve month low of $14.44 and a twelve month high of $28.44. The company has a market capitalization of $2.40 billion, a P/E ratio of 12.26 and a beta of 2.37.

In other Dana news, insider Byron S. Foster purchased 8,500 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were purchased at an average price of $16.31 per share, for a total transaction of $138,635.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of DAN. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Dana by 331.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 1,007 shares during the period. US Bancorp DE raised its stake in shares of Dana by 21.9% during the third quarter. US Bancorp DE now owns 2,719 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 488 shares during the period. Meritage Portfolio Management raised its stake in shares of Dana by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock valued at $230,000 after purchasing an additional 512 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Dana during the third quarter valued at approximately $269,000. Finally, Keene & Associates Inc. raised its stake in shares of Dana by 19.9% during the first quarter. Keene & Associates Inc. now owns 19,707 shares of the auto parts company’s stock valued at $346,000 after purchasing an additional 3,267 shares during the period. Institutional investors own 92.76% of the company’s stock.

About Dana (Get Rating)

Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in 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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