Deutsche Bank Aktiengesellschaft Lowers Dana (NYSE:DAN) Price Target to $21.00

Dana (NYSE:DANGet Rating) had its price target dropped by Deutsche Bank Aktiengesellschaft from $25.00 to $21.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 34.19% from the stock’s current price.

Several other brokerages also recently commented on DAN. Exane BNP Paribas assumed coverage on shares of Dana in a research report on Monday, April 11th. They set a “neutral” rating on the stock. StockNews.com assumed coverage on shares of Dana in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Royal Bank of Canada decreased their price objective on shares of Dana from $29.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, February 28th. TheStreet downgraded shares of Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.83.

Shares of DAN stock opened at $15.65 on Thursday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.59 and a beta of 2.37. Dana has a one year low of $14.44 and a one year high of $28.44. The company’s fifty day moving average price is $17.61 and its 200-day moving average price is $21.18. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.65 and a quick ratio of 0.93.

In related news, insider Byron S. Foster purchased 8,500 shares of Dana stock in a transaction on Friday, March 4th. The shares were bought at an average cost of $16.31 per share, for a total transaction of $138,635.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Several large investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of Dana by 21.9% in the 3rd quarter. US Bancorp DE now owns 2,719 shares of the auto parts company’s stock worth $61,000 after buying an additional 488 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of Dana by 5.4% during the 4th quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock worth $230,000 after purchasing an additional 512 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Dana by 331.3% during the 4th 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. Mutual of America Capital Management LLC boosted its stake in shares of Dana by 0.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 129,035 shares of the auto parts company’s stock worth $2,945,000 after purchasing an additional 1,009 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Dana by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 872,522 shares of the auto parts company’s stock worth $19,911,000 after purchasing an additional 2,253 shares during the period. 92.76% of the stock is owned by institutional investors and hedge funds.

Dana Company Profile (Get Rating)

Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

Featured Stories

The Fly logo

Analyst Recommendations for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.