Dana (NYSE:DAN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Dana (NYSE:DAN) from a hold rating to a buy rating in a research report report published on Wednesday.

A number of other research analysts also recently issued reports on the stock. UBS Group lifted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays boosted their target price on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $16.00 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Dana Stock Performance

NYSE:DAN opened at $14.24 on Wednesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -36.52, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. 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 has a 52 week low of $7.58 and a 52 week high of $16.90. The company has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $11.92.

Dana (NYSE:DAN) last issued 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. The company 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%. As a group, equities analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.81%. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Institutional Trading of Dana

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Tennessee Department of Treasury raised its holdings 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 last quarter. MetLife Investment Management LLC increased its position in Dana by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock valued at $914,000 after acquiring an additional 4,531 shares during the period. Sterling Capital Management LLC raised its stake in 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 last quarter. Russell Investments Group Ltd. lifted its position in Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock worth $10,822,000 after acquiring an additional 17,569 shares during the period. Finally, JB Capital Partners LP grew its stake in shares of Dana by 28.6% in the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after purchasing an additional 407,000 shares during the last quarter. Hedge funds and other institutional investors 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.