Cfra Research Upgrades Dana (NYSE:DAN) to Hold

Key Points

• Cfra Research has upgraded Dana (NYSE:DAN) from a "moderate sell" to a "hold" rating, indicating a positive shift in the company's outlook.
• Royal Bank of Canada raised its price target for Dana shares to $24.00, reflecting increased confidence in the stock as multiple brokerages maintain "buy" ratings.
• Institutional investors own 96.79% of Dana’s shares, with notable recent activity including significant increases in stake by JB Capital Partners and Jones Financial Companies.

Dana (NYSE:DAN - Get Free Report) was upgraded by Cfra Research from a "moderate sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on DAN. Royal Bank Of Canada restated an "outperform" rating and issued a $24.00 price target (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group restated a "buy" rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a research note on Monday, July 14th. Finally, Barclays restated an "overweight" rating and issued a $25.00 price target (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Dana currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Dana Price Performance

Shares of NYSE:DAN opened at $17.58 on Tuesday. The firm's 50 day moving average is $16.89 and its two-hundred day moving average is $15.23. Dana has a 52 week low of $7.58 and a 52 week high of $18.05. The firm has a market capitalization of $2.56 billion, a P/E ratio of -73.23, a PEG ratio of 1.04 and a beta of 2.14. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JB Capital Partners LP increased its holdings in shares of Dana by 1.1% during the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock worth $24,524,000 after purchasing an additional 20,000 shares during the period. Russell Investments Group Ltd. increased its stake in Dana by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock valued at $10,822,000 after acquiring an additional 17,569 shares during the period. Great Lakes Advisors LLC increased its stake in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock valued at $4,173,000 after acquiring an additional 32,241 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Dana in the first quarter valued at about $2,434,000. Finally, Jones Financial Companies Lllp increased its stake in Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock valued at $1,138,000 after acquiring an additional 85,039 shares during the period. Institutional investors own 96.79% of the company's stock.

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.

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