Dana (NYSE:DAN) Upgraded at StockNews.com

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

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Dana from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays raised their target price on Dana from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. UBS Group raised their target price on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Royal Bank of Canada raised their target price on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Dana Trading Down 2.5%

Shares of Dana stock opened at $15.75 on Thursday. The company’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $12.92. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -40.39, a PEG ratio of 0.72 and a beta of 2.07. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Dana has a 1 year low of $7.58 and a 1 year high of $16.90.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The company’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, sell-side analysts expect that Dana will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DAN. Sterling Capital Management LLC lifted its holdings in shares of Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 3,732 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Dana during the first quarter valued at $146,000. GAMMA Investing LLC lifted its holdings in shares of Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after acquiring an additional 40,394 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after acquiring an additional 1,662 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Dana by 6.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 3,368 shares during the period. 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.