Dana (NYSE:DAN) Rating Increased to Buy at StockNews.com

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

DAN has been the topic of a number of other reports. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada increased their price objective on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Dana has an average rating of “Moderate Buy” and an average target price of $18.50.

Dana Stock Performance

Shares of NYSE DAN traded down $0.33 during midday trading on Monday, reaching $15.39. The company’s stock had a trading volume of 1,669,201 shares, compared to its average volume of 1,673,203. The stock has a market capitalization of $2.23 billion, a P/E ratio of -39.45, a PEG ratio of 0.72 and a beta of 2.33. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a 50 day moving average price of $13.76 and a 200-day moving average price of $11.51. Dana has a 12-month low of $7.58 and a 12-month high of $16.90.

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

Hedge Funds Weigh In On Dana

A number of large investors have recently made changes to their positions in DAN. JB Capital Partners LP raised its stake in shares of Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after purchasing an additional 407,000 shares during the period. Russell Investments Group Ltd. grew its holdings in Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after buying an additional 17,569 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Dana during the fourth quarter valued at about $9,498,000. Cibc World Markets Corp increased its position in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 142,850 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

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.