Dana (NYSE:DAN) Stock Rating Upgraded by StockNews.com

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

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Dana Trading Up 0.7 %

NYSE:DAN opened at $15.48 on Monday. Dana has a 52 week low of $7.58 and a 52 week high of $16.90. The firm has a 50-day moving average price of $13.83 and a two-hundred day moving average price of $11.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -39.68, a price-to-earnings-growth ratio of 0.72 and a beta of 2.33.

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

Hedge Funds Weigh In On Dana

Large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new stake in shares of Dana during the 3rd quarter valued at $2,687,000. JB Capital Partners LP grew its holdings in Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares during the period. 96.79% of the stock is owned by institutional investors.

About Dana

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.