Dana (NYSE:DAN) Raised to "Buy" at Deutsche Bank Aktiengesellschaft

Dana (NYSE:DAN - Get Free Report) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a $19.00 price objective on the auto parts company's stock, up from their prior price objective of $9.00. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 46.60% from the stock's current price.

DAN has been the subject of several other reports. Wells Fargo & Company reduced their price target on Dana from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Thursday, October 31st. Wolfe Research assumed coverage on shares of Dana in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Barclays raised shares of Dana from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $12.00 to $18.00 in a report on Monday, December 2nd. StockNews.com downgraded shares of Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $14.86.

Dana Stock Up 4.1 %

Shares of NYSE:DAN traded up $0.51 during trading on Monday, hitting $12.96. The stock had a trading volume of 3,679,370 shares, compared to its average volume of 1,500,015. The company has a market capitalization of $1.88 billion, a PE ratio of -113.17, a PEG ratio of 1.20 and a beta of 2.36. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The firm's fifty day moving average is $9.84 and its 200 day moving average is $11.03. Dana has a 12 month low of $7.58 and a 12 month high of $15.07.

Dana (NYSE:DAN - Get Free Report) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that Dana will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

Several institutional investors have recently added to or reduced their stakes in DAN. Segall Bryant & Hamill LLC purchased a new position in Dana in the 3rd quarter worth $2,687,000. JB Capital Partners LP lifted its holdings in shares of 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 purchasing an additional 128,000 shares during the period. Martingale Asset Management L P purchased a new stake in Dana in the third quarter valued at approximately $346,000. SG Americas Securities LLC acquired a new position in Dana in the 2nd quarter worth approximately $388,000. Finally, Entropy Technologies LP purchased a new position in Dana during the 3rd quarter worth approximately $250,000. 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.