Dana (NYSE:DAN) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Dana (NYSE:DAN) from a hold rating to a buy rating in a research note published on Monday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $19.00 target price on the auto parts company’s stock, up from their prior target price of $9.00.

Other equities research analysts also recently issued research reports about the company. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $18.00 in a report on Monday, December 2nd. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Wolfe Research assumed coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their price objective on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.86.

Dana Stock Up 4.1 %

NYSE:DAN opened at $12.96 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a twelve month low of $7.58 and a twelve month high of $15.07. The company has a market cap of $1.88 billion, a PE ratio of -117.81, a P/E/G ratio of 1.20 and a beta of 2.36. The company’s 50 day moving average is $9.89 and its two-hundred day moving average is $11.02.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. Dana’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Analysts anticipate that Dana will post 0.85 EPS for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, November 8th. Dana’s dividend payout ratio (DPR) is presently -363.60%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Entropy Technologies LP purchased a new stake in Dana in the 3rd quarter worth $250,000. SG Americas Securities LLC acquired a new stake in shares of Dana in the second quarter valued at about $388,000. Martingale Asset Management L P purchased a new stake in shares of Dana during the third quarter worth about $346,000. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the 3rd quarter worth about $2,687,000. Finally, Rhumbline Advisers lifted its stake in Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.