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

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

DAN has been the topic of a number of other research reports. Wells Fargo & Company cut shares of Dana from an equal weight rating to an underweight rating and cut their price target for the company from $13.00 to $9.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on Dana from $18.00 to $17.00 and set an overweight rating on the stock in a research note on Monday, July 22nd. UBS Group reduced their price objective on shares of Dana from $14.00 to $12.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Wolfe Research assumed coverage on shares of Dana in a research report on Thursday, September 5th. They set a peer perform rating on the stock. Finally, Barclays raised their price target on shares of Dana from $15.00 to $16.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Dana presently has an average rating of Hold and a consensus target price of $14.00.

Dana Trading Up 2.7 %

DAN opened at $10.98 on Tuesday. The company’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $12.01. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 122.00, a PEG ratio of 0.53 and a beta of 2.28. Dana has a fifty-two week low of $9.16 and a fifty-two week high of $15.07. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. Dana’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, research analysts predict that Dana will post 0.98 earnings per share for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, August 9th. Dana’s payout ratio is currently 444.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. SG Americas Securities LLC lifted its holdings in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares during the period. Rhumbline Advisers increased its position in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares during the period. 96.79% of the stock is currently owned by hedge funds and other 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.