StockNews.com Upgrades Dana (NYSE:DAN) to Buy

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

Several other brokerages have also issued reports on DAN. JPMorgan Chase & Co. upped their target price on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. UBS Group upped their target price on Dana from $18.00 to $20.00 and gave the stock a “buy” 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 target price for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, Barclays upped their target price on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Dana Stock Up 0.7 %

DAN stock opened at $15.60 on Monday. 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’s 50 day moving average is $13.83 and its 200 day moving average is $11.55. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -39.99, a price-to-earnings-growth ratio of 0.72 and a beta of 2.33. Dana has a 1-year low of $7.58 and a 1-year high of $16.90.

Dana (NYSE:DAN) last posted its quarterly earnings data 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 analysts’ expectations of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. Sell-side analysts predict that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, February 28th. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Institutional Trading of Dana

Institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the third quarter valued at approximately $2,687,000. JB Capital Partners LP raised its holdings in shares of Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after acquiring an additional 1,130 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares in the last quarter. Hedge funds and other institutional investors 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.