Dana (NYSE:DAN) Price Target Cut to $28.00 by Analysts at Wells Fargo & Company

Dana (NYSE:DAN) had its target price dropped by research analysts at Wells Fargo & Company from $33.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 1.75% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Dana in a research note on Friday. Barclays cut shares of Dana from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $41.00 to $33.00 in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.17.

Dana Price Performance

DAN stock traded up $1.18 during midday trading on Friday, reaching $28.50. 63,838 shares of the stock were exchanged, compared to its average volume of 1,482,601. The company has a fifty day moving average price of $29.06 and a 200 day moving average price of $31.99. The stock has a market capitalization of $3.08 billion, a PE ratio of 2.76 and a beta of 1.99. Dana has a 52 week low of $17.38 and a 52 week high of $39.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a net margin of 15.12% and a return on equity of 3.56%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, analysts expect that Dana will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 445 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Dana during the second quarter worth about $45,000. Parallel Advisors LLC grew its stake in shares of Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 987 shares during the last quarter. Captrust Financial Advisors purchased a new position in Dana during the 2nd quarter valued at about $176,000. Finally, GSA Capital Partners LLP purchased a new position in Dana during the 2nd quarter valued at about $252,000. 96.79% of the stock is owned by hedge funds and other 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.