Dana (NYSE:DAN) Raised 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 sent to investors on Wednesday morning.

A number of other research firms have also recently weighed in on DAN. Royal Bank of Canada upped their price target on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Barclays boosted their price target on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Dana currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Price Performance

Shares of NYSE:DAN opened at $14.24 on Wednesday. Dana has a 52 week low of $7.58 and a 52 week high of $16.90. The company has a 50-day moving average price of $14.69 and a 200 day moving average price of $11.92. The company has a market cap of $2.07 billion, a P/E ratio of -36.52, a PEG 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 (NYSE:DAN) last posted its quarterly earnings results 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. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Research analysts predict that Dana will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date 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 -102.56%.

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in DAN. Loomis Sayles & Co. L P acquired a new position in Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP raised its position in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after buying an additional 407,000 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Dana in the third quarter valued at approximately $2,687,000. Great Lakes Advisors LLC lifted its stake in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after buying an additional 142,850 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in Dana during the third quarter worth approximately $346,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

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.