Dana (NYSE:DAN) Upgraded at Zacks Research

Zacks Research upgraded shares of Dana (NYSE:DAN) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $36.00 target price on shares of Dana in a research note on Thursday. UBS Group upped their target price on shares of Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Barclays boosted their price objective on shares of Dana from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.17.

Dana Stock Up 0.1%

Shares of DAN opened at $31.01 on Thursday. The company has a market capitalization of $3.62 billion, a P/E ratio of 68.90, a PEG ratio of 1.18 and a beta of 2.14. Dana has a one year low of $10.11 and a one year high of $31.73. The business’s 50 day simple moving average is $24.06 and its 200-day simple moving average is $20.86. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, sell-side analysts predict that Dana will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

Several institutional investors have recently modified their holdings of DAN. SG Americas Securities LLC raised its holdings in Dana by 96.7% during the 4th quarter. SG Americas Securities LLC now owns 47,902 shares of the auto parts company’s stock worth $1,138,000 after buying an additional 23,549 shares during the period. GAMMA Investing LLC increased its position in shares of Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Dana by 1,706.3% during the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after acquiring an additional 201,344 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Dana during the third quarter worth $553,000. Finally, Entropy Technologies LP lifted its position in Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after acquiring an additional 27,116 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Company Profile

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.