Deutsche Bank Aktiengesellschaft Increases Dana (NYSE:DAN) Price Target to $32.00

Dana (NYSE:DAN) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from $31.00 to $32.00 in a research note issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 26.23% from the company’s previous close.

A number of other brokerages have also issued reports on DAN. Bank of America upgraded Dana from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $31.00 to $30.00 in a research report on Thursday, September 16th. Zacks Investment Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 6th. Barclays dropped their price objective on Dana from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, October 28th. Royal Bank of Canada dropped their price objective on Dana from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 27th. Finally, Wells Fargo & Company dropped their price objective on Dana from $31.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 5th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $29.43.

NYSE:DAN opened at $25.35 on Thursday. Dana has a 12-month low of $18.84 and a 12-month high of $28.44. The firm has a market capitalization of $3.66 billion, a P/E ratio of 17.60 and a beta of 2.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.66 and a quick ratio of 0.95. The business has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $23.18.

Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, October 26th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). Dana had a net margin of 2.41% and a return on equity of 14.72%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Dana will post 1.86 EPS for the current fiscal year.

In other news, EVP Aziz Aghili sold 26,504 shares of the business’s stock in a transaction on Friday, November 5th. The stock was sold at an average price of $23.56, for a total transaction of $624,434.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position 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 worth $30,000 after purchasing an additional 1,007 shares during the period. Berman Capital Advisors LLC raised its position in shares of Dana by 385.6% during the third quarter. Berman Capital Advisors LLC now owns 2,020 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 1,604 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Dana by 85.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,973 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 911 shares during the period. US Bancorp DE grew its holdings in shares of Dana by 317.8% during the second quarter. US Bancorp DE now owns 2,231 shares of the auto parts company’s stock valued at $53,000 after buying an additional 1,697 shares in the last quarter. Finally, Ellevest Inc. grew its holdings in shares of Dana by 110.2% during the third quarter. Ellevest Inc. now owns 4,469 shares of the auto parts company’s stock valued at $99,000 after buying an additional 2,343 shares in the last quarter. 93.85% of the stock is currently owned by institutional investors.

Dana Company Profile

Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.

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