Dana (NYSE:DAN) Stock Rating Upgraded by Wall Street Zen

Dana (NYSE:DAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities analysts have also commented on DAN. Wells Fargo & Company increased their price objective on shares of Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Dana from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada raised their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 price objective on shares of Dana in a report on Thursday, January 22nd. Finally, Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.17.

Dana Stock Performance

Shares of DAN stock opened at $31.38 on Friday. The business’s fifty day simple moving average is $31.03 and its 200-day simple moving average is $24.52. The company has a market cap of $3.41 billion, a PE ratio of 69.74 and a beta of 2.08. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85. Dana has a 12-month low of $10.11 and a 12-month high of $36.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAN. Rhumbline Advisers grew its stake in shares of Dana by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of Dana by 6.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after purchasing an additional 11,711 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after buying an additional 44,010 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Dana during the second quarter worth $176,000. Finally, State of Tennessee Department of Treasury grew its position in Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.