Dana (NYSE:DAN) Given New $16.00 Price Target at JPMorgan Chase & Co.

Dana (NYSE:DAN) had its price target cut by investment analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 40.35% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $13.00 to $9.00 in a report on Friday, September 20th. Wolfe Research started coverage on shares of Dana in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. Finally, UBS Group reduced their price target on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Dana presently has an average rating of “Hold” and an average target price of $13.50.

Dana Stock Up 2.1 %

DAN stock opened at $11.40 on Monday. The company has a market capitalization of $1.65 billion, a P/E ratio of 126.67, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. Dana has a 12 month low of $9.16 and a 12 month high of $15.07. The firm’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $11.90. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, equities research analysts forecast that Dana will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Dana

An institutional investor recently raised its position in Dana stock. Rhumbline Advisers grew its holdings in shares of Dana Incorporated (NYSE:DAN) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,586 shares of the auto parts company’s stock after purchasing an additional 5,468 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Dana worth $5,170,000 at the end of the most recent quarter. Institutional investors own 96.79% of the company’s stock.

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.