Dana (NYSE:DAN) Upgraded at StockNews.com

StockNews.com upgraded shares of Dana (NYSE:DAN) from a hold rating to a buy rating in a research report released on Tuesday morning.

Other research analysts also recently issued research reports about the company. UBS Group lifted their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Barclays lifted their target price on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Royal Bank of Canada raised their price target on shares of Dana from $13.00 to $16.00 and gave the stock 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 boosted their price objective for the company from $10.00 to $16.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dana presently has an average rating of “Moderate Buy” and an average price target of $18.14.

Dana Stock Performance

Shares of DAN opened at $16.00 on Tuesday. The company has a 50-day moving average of $13.31 and a two-hundred day moving average of $12.71. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -41.02, a PEG ratio of 0.72 and a beta of 2.07. 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 one year low of $7.58 and a one year high of $16.90.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, equities research analysts expect that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Dana’s dividend payout ratio is presently -166.67%.

Hedge Funds Weigh In On Dana

Several hedge funds have recently bought and sold shares of DAN. Loomis Sayles & Co. L P bought a new position in shares of Dana in the 4th quarter valued at approximately $9,498,000. JB Capital Partners LP lifted its stake in shares of 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 buying an additional 407,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Dana during the 1st quarter worth $2,434,000. Great Lakes Advisors LLC grew its stake in Dana by 103.6% in 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 buying an additional 142,850 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after acquiring an additional 40,394 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

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.