Dana (NYSE:DAN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dana (NYSE:DAN) had its price target boosted by research analysts at JPMorgan Chase & Co. from $39.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.58% from the company’s current price.

Several other research analysts have also commented on the stock. Barclays raised their price target on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Weiss Ratings upgraded shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 price target on shares of Dana in a report on Thursday, January 22nd. Wells Fargo & Company raised their price target on shares of Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Finally, UBS Group raised their price target on shares of Dana from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Dana Trading Up 1.4%

NYSE DAN opened at $38.94 on Thursday. Dana has a one year low of $12.20 and a one year high of $39.00. The company’s 50 day moving average price is $34.25 and its 200 day moving average price is $27.50. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 68.31 and a beta of 2.05.

Dana (NYSE:DAN) last posted its quarterly earnings results on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. Dana had a net margin of 1.13% and a negative return on equity of 3.06%. The firm had revenue of $1.87 billion for the quarter. On average, sell-side analysts predict that Dana will post 2.71 EPS for the current year.

Institutional Trading of Dana

Several large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its position in Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Russell Investments Group Ltd. grew its position in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares in the last quarter. SG Americas Securities LLC grew its position in Dana by 1,341.4% in the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after acquiring an additional 642,552 shares in the last quarter. Tudor Investment Corp ET AL grew its position in Dana by 28.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after acquiring an additional 60,487 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in Dana by 6.8% in the third quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 13,270 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.