Dana (NYSE:DAN) Raised to Buy at StockNews.com

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

A number of other equities analysts have also commented on DAN. Royal Bank of Canada lifted their price objective on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $10.00 to $16.00 in a report on Monday, January 27th. Finally, BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Dana has an average rating of “Moderate Buy” and an average target price of $18.50.

Dana Trading Up 0.7 %

DAN opened at $15.48 on Monday. 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 fifty-two week low of $7.58 and a fifty-two week high of $16.90. The company’s 50 day moving average price is $13.83 and its two-hundred day moving average price is $11.55. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -39.68, a PEG ratio of 0.72 and a beta of 2.33.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping 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 negative net margin of 0.55% and a positive return on equity of 6.70%. As a group, research analysts predict that Dana will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently added to or reduced their stakes in DAN. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the third quarter worth approximately $2,687,000. JB Capital Partners LP raised its holdings in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after buying an additional 128,000 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after buying an additional 1,464 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares during the last quarter. 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.