Dana (NYSE:DAN) Upgraded to “Buy” at 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 note issued to investors on Wednesday.

DAN has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Barclays upped their price target on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Royal Bank of Canada raised their price objective on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and upped their target price for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $10.00 to $16.00 in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Dana Trading Up 1.7 %

Shares of NYSE DAN opened at $14.51 on Wednesday. The business has a 50 day simple moving average of $14.75 and a 200 day simple moving average of $11.94. Dana has a 52 week low of $7.58 and a 52 week high of $16.90. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -37.19, a PEG ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

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

Institutional Investors Weigh In On Dana

Hedge funds have recently modified their holdings of the business. JB Capital Partners LP raised its stake in Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after purchasing an additional 407,000 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock worth $10,822,000 after purchasing an additional 17,569 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Dana during the fourth quarter valued at about $9,498,000. Cibc World Markets Corp lifted its stake in shares of Dana by 1.8% in the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after buying an additional 12,220 shares during the period. Finally, Great Lakes Advisors LLC grew its position in Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 142,850 shares in the last quarter. 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.