Dana (NYSE:DAN) Rating Increased to Buy at StockNews.com

Dana (NYSE:DAN - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.

A number of other equities analysts also recently weighed in on DAN. BNP Paribas raised 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 research report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Friday, February 21st. Barclays boosted their price target on Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Dana from a "hold" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, UBS Group boosted their price target on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Dana presently has an average rating of "Moderate Buy" and an average price target of $18.50.

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Dana Stock Down 2.5 %

Shares of NYSE:DAN traded down $0.37 during midday trading on Wednesday, reaching $14.11. The company had a trading volume of 2,843,771 shares, compared to its average volume of 1,544,733. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The business's 50 day moving average price is $14.80 and its 200 day moving average price is $11.98. The stock has a market cap of $2.06 billion, a PE ratio of -36.17, a P/E/G ratio of 0.72 and a beta of 2.42. Dana has a 1-year low of $7.58 and a 1-year high of $16.90.

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

Institutional Investors Weigh In On Dana

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake 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 valued at $31,000 after buying an additional 2,234 shares during the period. GAMMA Investing LLC boosted its stake in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock valued at $31,000 after buying an additional 1,464 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after buying an additional 3,732 shares during the period. Martingale Asset Management L P bought a new stake in shares of Dana in the third quarter valued at approximately $346,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after buying an additional 3,368 shares during the period. 96.79% of the stock is currently 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.