Dana (NYSE:DAN) Upgraded at Deutsche Bank Aktiengesellschaft

Dana (NYSE:DAN) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm presently has a $19.00 target price on the auto parts company’s stock, up from their previous target price of $9.00. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 46.77% from the stock’s current price.

Several other brokerages also recently weighed in on DAN. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays raised Dana from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. Wolfe Research began coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.86.

Dana Price Performance

Shares of DAN opened at $12.95 on Monday. The firm has a market capitalization of $1.88 billion, a PE ratio of -117.68, a price-to-earnings-growth ratio of 1.20 and a beta of 2.36. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. Dana has a 1-year low of $7.58 and a 1-year high of $15.07. The company’s fifty day moving average price is $9.94 and its 200-day moving average price is $11.02.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm earned $0.30 earnings per share. Dana’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that Dana will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC purchased a new position in Dana in the 3rd quarter valued at about $2,687,000. JB Capital Partners LP lifted its stake in Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares in the last quarter. Martingale Asset Management L P purchased a new position in Dana in the 3rd quarter valued at about $346,000. SG Americas Securities LLC purchased a new position in Dana in the 2nd quarter valued at about $388,000. Finally, Entropy Technologies LP purchased a new position in Dana in the 3rd quarter worth approximately $250,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.