Dana (NYSE:DAN) Downgraded by Wall Street Zen to Hold

Dana (NYSE:DAN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research firms have also commented on DAN. UBS Group raised their price objective on shares of Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings upgraded Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Barclays increased their price target on Dana from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $36.00 price objective on shares of Dana in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company upped their price objective on Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Dana Stock Performance

Shares of DAN opened at $31.32 on Friday. The firm has a market capitalization of $3.43 billion, a PE ratio of 54.95 and a beta of 2.08. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85. The firm has a 50-day moving average price of $31.63 and a 200 day moving average price of $24.96. Dana has a 52-week low of $10.11 and a 52-week high of $36.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 439 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth $176,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Dana during the fourth quarter valued at $309,000. Finally, SG Americas Securities LLC acquired a new position in shares of Dana in the 3rd quarter valued at $488,000. Institutional investors own 96.79% of the company’s stock.

About Dana

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.