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

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

DAN has been the subject of a number of other reports. Royal Bank of Canada upped their price target on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays increased their price objective on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Dana Price Performance

Shares of NYSE:DAN opened at $14.51 on Wednesday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -37.19, a PEG ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana has a 12 month low of $7.58 and a 12 month high of $16.90. The stock’s 50 day moving average price is $14.75 and its 200 day moving average price is $11.94.

Dana (NYSE:DAN) last issued 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%. Equities research analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. 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 worth $627,000 after acquiring an additional 3,368 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Dana by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock worth $914,000 after purchasing an additional 4,531 shares during the period. Sterling Capital Management LLC grew its position in Dana by 829.3% during the fourth 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 in the last quarter. Russell Investments Group Ltd. increased its stake in Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after buying an additional 17,569 shares during the period. Finally, JB Capital Partners LP lifted its position in Dana by 28.6% in the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.