StockNews.com Upgrades Dana (NYSE:DAN) to Buy

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

A number of other brokerages have also commented on DAN. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 price objective on shares of Dana in a research report on Tuesday, September 10th. Wolfe Research began coverage on shares of Dana in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $13.00 to $9.00 in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on shares of Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, UBS Group cut their price target on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Dana Price Performance

Shares of Dana stock opened at $10.88 on Tuesday. The firm has a market cap of $1.58 billion, a P/E ratio of 120.83, a price-to-earnings-growth ratio of 0.53 and a beta of 2.29. The firm’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $12.03. Dana has a twelve month low of $9.16 and a twelve month high of $15.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48.

Dana (NYSE:DAN) last issued its quarterly earnings data 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. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts expect that Dana will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently modified their holdings of DAN. Rhumbline Advisers raised 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 acquiring an additional 5,468 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Dana in the 2nd quarter valued at about $388,000. Finally, Cibc World Markets Corp raised its stake in shares of 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 purchasing 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.