JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DAN) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $26.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.61% from the stock’s previous close.

Several other analysts have also recently commented on DAN. UBS Group lifted their price target on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Barclays increased their target price on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Wells Fargo & Company reduced their target price on Dana from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dana in a report on Wednesday, October 8th. Finally, Cfra Research upgraded Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.57.

Dana Stock Performance

Shares of DAN opened at $20.50 on Monday. The company’s 50 day simple moving average is $19.98 and its 200-day simple moving average is $17.77. Dana has a 12-month low of $7.58 and a 12-month high of $22.13. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 2.23. The firm has a market cap of $2.69 billion, a PE ratio of 45.55, a price-to-earnings-growth ratio of 1.47 and a beta of 2.09.

Dana (NYSE:DAN) last released its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. Dana’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Dana has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Dana will post 1.5 EPS for the current year.

Insider Transactions at Dana

In other Dana news, CAO James D. Kellett sold 11,728 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC acquired a new position in Dana in the first quarter valued at approximately $146,000. Segall Bryant & Hamill LLC bought a new stake in Dana in the first quarter valued at approximately $2,434,000. JB Capital Partners LP increased its stake in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after purchasing an additional 20,000 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 85,039 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after purchasing an additional 32,241 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.