Dana (NYSE:DAN) Downgraded to "Hold" Rating by StockNews.com

Dana (NYSE:DAN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Barclays upped their target price on Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Dana from a "hold" rating to a "buy" rating and raised their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, UBS Group upped their price objective on Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dana presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

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Dana Price Performance

DAN stock traded up $0.19 during trading on Tuesday, reaching $10.82. 1,964,016 shares of the company were exchanged, compared to its average volume of 1,637,784. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The stock's 50 day moving average price is $14.21 and its 200 day moving average price is $12.25. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a market cap of $1.58 billion, a P/E ratio of -27.73, a PEG ratio of 0.72 and a beta of 2.26.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, analysts predict that Dana will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Dana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after acquiring an additional 2,234 shares during the last quarter. GAMMA Investing LLC raised its stake in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after purchasing an additional 1,464 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. Great Lakes Advisors LLC grew its stake in shares of Dana by 103.6% during 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 period. Finally, Cibc World Markets Corp increased its holdings in shares of Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after buying an additional 12,220 shares during 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.