Dana (NYSE:DAN) Stock Rating Upgraded by ValuEngine

Dana (NYSE:DAN) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of Dana from an “outperform” rating to a “sector perform” rating in a report on Monday, March 16th. KeyCorp decreased their price target on shares of Dana from $18.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. increased their price objective on Dana from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, June 19th. Credit Suisse Group raised their price objective on Dana from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Oppenheimer reiterated a “buy” rating on shares of Dana in a report on Sunday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.33.

DAN opened at $12.25 on Monday. The business has a fifty day moving average of $12.16 and a 200 day moving average of $13.10. Dana has a 52-week low of $4.22 and a 52-week high of $20.71. 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 stock has a market cap of $1.59 billion, a P/E ratio of 10.75, a PEG ratio of 4.57 and a beta of 2.61.

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

Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in shares of Dana by 18.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,997,951 shares of the auto parts company’s stock worth $127,363,000 after purchasing an additional 1,070,436 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Dana by 3.6% in the first quarter. Wedge Capital Management L L P NC now owns 5,275,431 shares of the auto parts company’s stock worth $41,201,000 after purchasing an additional 185,279 shares in the last quarter. State Street Corp lifted its position in shares of Dana by 6.2% during the first quarter. State Street Corp now owns 4,909,704 shares of the auto parts company’s stock valued at $38,345,000 after buying an additional 287,273 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Dana by 0.8% in the 1st quarter. Invesco Ltd. now owns 3,949,266 shares of the auto parts company’s stock valued at $30,844,000 after buying an additional 32,240 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of Dana by 174.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,939,421 shares of the auto parts company’s stock valued at $30,767,000 after buying an additional 2,506,592 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

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.

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Analyst Recommendations for Dana (NYSE:DAN)

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