Dana (NYSE:DAN - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
Several other research analysts have also recently weighed in on the stock. BNP Paribas upgraded shares of Dana from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Barclays boosted their target price on shares of Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. 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 research note on Monday, January 27th. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Dana has an average rating of "Moderate Buy" and an average price target of $18.50.
Read Our Latest Research Report on DAN
Dana Stock Down 2.2 %
Dana stock traded down $0.32 during midday trading on Friday, hitting $13.97. 2,085,749 shares of the stock were exchanged, compared to its average volume of 1,635,001. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -35.81, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. The business's 50-day moving average price is $14.28 and its 200-day moving average price is $11.75. 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 - Get Free Report) last released its quarterly earnings results 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. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.33 billion. On average, research analysts expect that Dana will post 1.5 EPS for the current fiscal year.
Institutional Trading of Dana
A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. Loomis Sayles & Co. L P bought a new stake in Dana during the 4th quarter worth approximately $9,498,000. JB Capital Partners LP increased its holdings in Dana by 28.6% during 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 acquiring an additional 407,000 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Dana during the 3rd quarter worth approximately $2,687,000. Great Lakes Advisors LLC increased its holdings in Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after acquiring an additional 142,850 shares during the period. Finally, Martingale Asset Management L P bought a new stake in Dana during the 3rd quarter worth approximately $346,000. Institutional investors own 96.79% of the company's stock.
About Dana
(
Get Free Report)
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.
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