Dana (NYSE:DAN) PT Lowered to $18.00 at Deutsche Bank Aktiengesellschaft

Dana (NYSE:DANGet Rating) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $21.00 to $18.00 in a note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 25.79% from the company’s current price.

A number of other brokerages have also issued reports on DAN. Wells Fargo & Company lowered shares of Dana from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $23.00 to $17.00 in a research note on Tuesday, April 12th. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 1st. StockNews.com started coverage on shares of Dana in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Exane BNP Paribas assumed coverage on shares of Dana in a research note on Monday, April 11th. They set a “neutral” rating for the company. Finally, TheStreet downgraded shares of Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of DAN opened at $14.31 on Thursday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.60 and a beta of 2.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.65 and a quick ratio of 0.93. Dana has a 1-year low of $13.49 and a 1-year high of $28.44. The firm has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $21.00.

Dana (NYSE:DANGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Dana had a net margin of 2.20% and a return on equity of 12.63%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. On average, equities analysts expect that Dana will post 1.98 earnings per share for the current fiscal year.

In other Dana news, insider Byron S. Foster purchased 8,500 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were bought at an average price of $16.31 per share, for a total transaction of $138,635.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its stake in Dana by 331.3% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock valued at $30,000 after buying an additional 1,007 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Dana by 21.9% during the 3rd quarter. US Bancorp DE now owns 2,719 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 488 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Dana by 5.4% during the 4th quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock worth $230,000 after acquiring an additional 512 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Dana during the 3rd quarter worth about $269,000. Finally, Keene & Associates Inc. acquired a new stake in shares of Dana during the 4th quarter worth about $375,000. 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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