Dana (NYSE:DAN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Dana (NYSE:DAN) from a sell rating to a hold rating in a research report released on Sunday, ValuEngine reports.

Other analysts also recently issued research reports about the stock. KeyCorp reduced their price target on shares of Dana from $18.00 to $13.00 and set an overweight rating for the company in a research report on Tuesday, March 24th. Barclays lifted their price target on shares of Dana from $6.00 to $11.00 and gave the company an equal weight rating in a research report on Friday, May 1st. Zacks Investment Research raised shares of Dana from a strong sell rating to a hold rating in a research report on Friday, April 24th. Oppenheimer reaffirmed a buy rating on shares of Dana in a report on Sunday, April 19th. Finally, Royal Bank of Canada downgraded shares of Dana from an outperform rating to a sector perform rating in a report on Monday, March 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $16.33.

NYSE:DAN opened at $11.56 on Friday. The company has a fifty day moving average of $12.46 and a 200-day moving average of $12.83. Dana has a twelve month low of $4.22 and a twelve month high of $20.04. The company has a quick ratio of 1.01, a current ratio of 1.60 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.72 billion, a P/E ratio of 10.14, a P/E/G ratio of 4.95 and a beta of 2.61.

Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.17. Dana had a net margin of 1.98% and a return on equity of 21.22%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.78 EPS. Dana’s revenue was down 10.8% compared to the same quarter last year. On average, analysts anticipate that Dana will post 0.44 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Wealthsource Partners LLC grew its holdings in shares of Dana by 5.4% during the fourth quarter. Wealthsource Partners LLC now owns 14,615 shares of the auto parts company’s stock worth $266,000 after purchasing an additional 750 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Dana by 1.4% during the fourth quarter. Mason Street Advisors LLC now owns 76,553 shares of the auto parts company’s stock valued at $1,393,000 after acquiring an additional 1,078 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dana by 22.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,258 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 2,051 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Dana by 9.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,708 shares of the auto parts company’s stock worth $504,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Dana by 11.0% in the fourth quarter. Amalgamated Bank now owns 24,675 shares of the auto parts company’s stock worth $449,000 after purchasing an additional 2,447 shares in the last quarter. 94.16% of the stock is currently owned by institutional investors.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

Featured Story: How to track put option volume

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.