Dana (NYSE:DAN) Downgraded by StockNews.com to “Hold”

Dana (NYSE:DAN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research firms have also issued reports on DAN. UBS Group upped their target price on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and raised their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Finally, Barclays boosted their price objective on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Dana Stock Up 15.2 %

NYSE:DAN opened at $11.96 on Tuesday. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $12.24. The company has a market cap of $1.74 billion, a PE ratio of -30.67, a PEG ratio of 0.72 and a beta of 2.26.

Dana (NYSE:DAN) last announced its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. On average, sell-side analysts expect that Dana will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAN. JB Capital Partners LP grew 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 purchasing an additional 407,000 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares during the period. Yousif Capital Management LLC grew its holdings in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares in the last quarter. GAMMA Investing LLC increased its position in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Dana during the fourth quarter worth $9,498,000. 96.79% of the stock is owned by 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.