Dana (NYSE:DAN) Lowered to “Hold” Rating by StockNews.com

Dana (NYSE:DAN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts have also weighed in on DAN. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of 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 note on Monday, December 9th. UBS Group raised 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. Finally, 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 report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Dana Price Performance

Shares of NYSE DAN opened at $13.97 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of -35.81, a PEG ratio of 0.72 and a beta of 2.42. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Dana has a 1-year low of $7.58 and a 1-year high of $16.90. The company has a fifty day moving average price of $14.28 and a 200 day moving average price of $11.76.

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

Institutional Investors Weigh In On Dana

Several hedge funds have recently bought and sold shares of the company. Yousif Capital Management LLC lifted its stake in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. GAMMA Investing LLC lifted its stake in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Versant Capital Management Inc lifted its stake in Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after purchasing an additional 3,368 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.