Dana (NYSE:DAN) Upgraded at StockNews.com

Dana (NYSE:DAN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada upped their price target on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their price target for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group upped their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dana presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Dana Price Performance

DAN traded up $0.10 during trading on Wednesday, reaching $14.24. The stock had a trading volume of 1,260,003 shares, compared to its average volume of 1,541,930. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -36.52, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. Dana has a 1-year low of $7.58 and a 1-year high of $16.90. The stock has a 50 day moving average of $14.69 and a two-hundred day moving average of $11.92. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71.

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

Institutional Investors Weigh In On Dana

Hedge funds and other institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new stake in shares of Dana in the 4th quarter valued at approximately $9,498,000. JB Capital Partners LP grew its position in Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after acquiring an additional 407,000 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Dana during the 3rd quarter valued at $2,687,000. Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter valued at $346,000. 96.79% of the stock is owned by hedge funds and other 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.