Dana (NYSE:DAN) Given New $30.00 Price Target at Deutsche Bank

Dana (NYSE:DAN) had its price objective upped by equities researchers at Deutsche Bank from $24.00 to $30.00 in a note issued to investors on Friday, November 17th. The brokerage presently has a “hold” rating on the auto parts company’s stock. Deutsche Bank’s target price would suggest a potential downside of 8.17% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. UBS reissued a “neutral” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Dana in a report on Tuesday, August 1st. B. Riley reaffirmed a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. BidaskClub downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Buckingham Research lifted their price objective on shares of Dana from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Dana in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Dana has a consensus rating of “Hold” and a consensus price target of $28.00.

Dana (NYSE DAN) opened at $32.67 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market cap of $4,732.94, a PE ratio of 13.12 and a beta of 1.67. Dana has a 12 month low of $16.83 and a 12 month high of $33.45.

Dana (NYSE:DAN) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. analysts anticipate that Dana will post 2.45 earnings per share for the current year.

In other news, SVP Rodney R. Filcek sold 3,292 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total transaction of $99,352.56. Following the transaction, the senior vice president now owns 50,251 shares in the company, valued at $1,516,575.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now owns 96,312 shares in the company, valued at approximately $2,986,635.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,762 shares of company stock valued at $3,541,413. 1.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dana by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 520 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Dana in the 3rd quarter worth approximately $204,000. First Allied Advisory Services Inc. purchased a new stake in Dana in the 3rd quarter worth approximately $206,000. Pacer Advisors Inc. purchased a new stake in Dana in the 3rd quarter worth approximately $230,000. Finally, ETRADE Capital Management LLC purchased a new stake in Dana in the 2nd quarter worth approximately $205,000. Institutional investors own 96.49% of the company’s stock.

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About Dana

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

Analyst Recommendations for Dana (NYSE:DAN)

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