Dana (NYSE:DAN) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks Research upgraded Dana from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $37 average price target.
• Dana shares opened at $30.40, with a $3.27 billion market capitalization and a 52-week trading range of $17.74 to $39.56.
• The company’s latest quarterly results showed adjusted EPS of $0.19, missing the $0.70 analyst estimate, although revenue of $2.01 billion exceeded expectations and rose 3.9% year over year.

Dana (NYSE:DAN - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Tuesday, Zacks reports.

Several other brokerages also recently issued reports on DAN. Wells Fargo & Company lowered their price target on Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada upped their price target on Dana from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. UBS Group lowered their price objective on shares of Dana from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dana from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Finally, Barclays boosted their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Dana Price Performance

NYSE DAN opened at $30.40 on Tuesday. The firm has a market cap of $3.27 billion, a P/E ratio of 3.03 and a beta of 2.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The stock's 50-day moving average is $28.63 and its two-hundred day moving average is $31.90. Dana has a fifty-two week low of $17.74 and a fifty-two week high of $39.56.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, analysts anticipate that Dana will post 1.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock worth $38,000 after buying an additional 445 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Dana during the 2nd quarter valued at $45,000. Pinnacle Holdings LLC bought a new position in Dana in the 2nd quarter valued at $49,000. Northwestern Mutual Wealth Management Co. acquired a new position in Dana in the second quarter worth $49,000. Finally, Parallel Advisors LLC grew its holdings in shares of Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock worth $65,000 after purchasing an additional 987 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company's product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana's expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.

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