Dana (NYSE:DAN) Raised to Buy at StockNews.com

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

Other equities analysts have also recently issued research reports about the company. Barclays raised their price objective on Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Wolfe Research assumed coverage on Dana in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company downgraded shares of Dana from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $9.00 in a report on Friday, September 20th. UBS Group decreased their price objective on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.00.

Dana Stock Down 0.1 %

Shares of Dana stock traded down $0.01 during trading on Tuesday, reaching $10.55. The stock had a trading volume of 1,458,650 shares, compared to its average volume of 1,222,546. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 117.22, a P/E/G ratio of 0.53 and a beta of 2.29. Dana has a 52 week low of $9.16 and a 52 week high of $15.07. The stock has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $12.04.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. Sell-side analysts predict that Dana will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dana during the 2nd quarter worth approximately $388,000. Finally, Cibc World Markets Corp increased its position in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after acquiring an additional 375,000 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.