Dana (NYSE:DAN) Upgraded at StockNews.com

Dana (NYSE:DAN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

DAN has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $19.00 in a report on Monday, December 9th. Barclays lifted their target price on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Royal Bank of Canada lifted their target price on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. Finally, BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Stock Up 0.7 %

Shares of NYSE DAN traded up $0.10 during midday trading on Wednesday, reaching $14.24. 1,260,003 shares of the company’s stock were exchanged, compared to its average volume of 1,541,930. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The stock has a market capitalization of $2.07 billion, a PE ratio of -36.52, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The business’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $11.92.

Dana (NYSE:DAN) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Analysts forecast that Dana will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Dana

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares during the period. Versant Capital Management Inc lifted its position in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares during the period. Sterling Capital Management LLC lifted its position in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares during the period. Martingale Asset Management L P acquired a new stake in Dana in the third quarter worth approximately $346,000. Finally, State of Tennessee Department of Treasury lifted its position in Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after purchasing an additional 3,368 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

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