Dana (NYSE:DAN) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

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 reports. They currently have $19.00 price objective on the auto parts company’s stock, up from their previous price objective of $9.00.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. reduced their target price on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wolfe Research assumed coverage on shares of Dana in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Barclays raised shares of 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 research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.86.

Dana Stock Up 4.1 %

DAN stock opened at $12.96 on Monday. The business has a 50 day moving average of $9.89 and a 200 day moving average of $11.02. The firm has a market cap of $1.88 billion, a PE ratio of -117.81, a price-to-earnings-growth ratio of 1.20 and a beta of 2.36. Dana has a twelve month low of $7.58 and a twelve month high of $15.07. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

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

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.09%. Dana’s dividend payout ratio is currently -363.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Entropy Technologies LP purchased a new position in Dana in the third quarter valued at about $250,000. Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter worth approximately $346,000. SG Americas Securities LLC purchased a new stake in Dana during the second quarter valued at approximately $388,000. Segall Bryant & Hamill LLC acquired a new stake in Dana in the third quarter valued at approximately $2,687,000. Finally, Rhumbline Advisers grew its holdings in Dana by 1.3% in 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. 96.79% of the stock is currently 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.