Dana (NYSE:DAN) Upgraded at StockNews.com

Dana (NYSE:DAN - Get Free Report) was upgraded by equities research 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 brokerages have also issued reports on DAN. Royal Bank of Canada lifted their target price on Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday, February 21st. Barclays lifted their price objective on shares of Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. BNP Paribas upgraded shares of Dana from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $10.00 to $16.00 in a research note on Monday, January 27th. Finally, UBS Group boosted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Dana Stock Down 0.8 %

Shares of NYSE:DAN traded down $0.13 during trading on Monday, hitting $14.88. 1,603,792 shares of the company's stock traded hands, compared to its average volume of 1,632,046. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -38.14, a price-to-earnings-growth ratio of 0.72 and a beta of 2.33. Dana has a 52 week low of $7.58 and a 52 week high of $16.90. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $13.97 and a 200-day moving average price of $11.60.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The business 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 forecast that Dana will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. GAMMA Investing LLC boosted its holdings in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after buying an additional 1,464 shares during the period. Versant Capital Management Inc increased its stake in Dana by 484.6% during the 4th 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 period. Sterling Capital Management LLC lifted its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 3,732 shares during the period. Entropy Technologies LP acquired a new stake in shares of Dana during the 3rd quarter worth $250,000. Finally, Martingale Asset Management L P acquired a new position in Dana in the third quarter valued at about $346,000. 96.79% of the stock is owned by institutional investors.

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.