Deutsche Bank Believes DAN Won’t Stop Here

By Jason Carr

Dana Holding (NYSE: DAN) received a Buy rating and a $20 price target from Deutsche Bank analyst Patrick Nolan today. The company’s shares closed yesterday at $16.89, close to its 52-week high of $17.54.

According to, Nolan is a 5-star analyst with an average return of 29.2% and a 84.2% success rate. Nolan covers the Consumer Goods sector, focusing on stocks such as Tenneco Automotive, GoodYear Tire, and Visteon Corp.

Dana Holding has an analyst consensus of Moderate Buy, with a price target consensus of $17.67.

Based on Dana Holding’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.38 billion and quarterly net profit of $57 million. In comparison, last year the company earned revenue of $1.47 billion and had a net profit of $119 million.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2016, Mark Schulz, a Director at DAN sold 10,201 shares for a total of $148,935.

Dana, Inc. engages in the energy technology business. It involves in the development and sale of high technology driveline such as axles, driveshafts and transmissions, as well as sealing and thermal-management products. It operates through the following segments: light vehicle driveline technologies (light vehicle), commercial vehicle driveline technologies (commercial vehicle), off-highway driveline technologies (off-highway), and power technologies. The light vehicle segment provides a range of products to light vehicle market such as light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The commercial vehicle segment provides products among medium duty trucks, heavy duty trucks, buses, and specialty vehicles. The off-highway segment offers axles, transmissions, tire inflation, and other services in the field of construction, earth moving, agricultural, mining, forestry, rail and material handling. The power technologies segment offers products and services such as gaskets, cover modules, heat shields, engine sealing system, cooling, and heat transfer products among light vehicle market, medium or heavy vehicle market. and off-highway market. The company was founded by Clarence W. Spicer on April 1, 1904 and is headquartered in Maumee, OH.