Dana (NYSE:DAN – Get Free Report) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday, MarketBeat Ratings reports. They currently have a $33.00 target price on the auto parts company’s stock. Barclays‘s target price would indicate a potential upside of 26.17% from the stock’s previous close.
DAN has been the subject of a number of other research reports. Wall Street Zen cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Wells Fargo & Company lowered their price objective on shares of Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings raised shares of Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. UBS Group upped their target price on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $41.00 target price on shares of Dana in a research note on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.33.
Read Our Latest Research Report on Dana
Dana Price Performance
Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $1.87 billion for the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. As a group, equities analysts anticipate that Dana will post 2.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Dana
A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares during the last quarter. Parallel Advisors LLC boosted its position in Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares during the period. State of Tennessee Department of Treasury boosted its position in Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Dana during the second quarter valued at about $176,000. 96.79% of the stock is currently owned by institutional investors.
About Dana
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.
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