Dana (NYSE:DAN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Dana (NYSE:DAN - Free Report) from a hold rating to a buy rating in a research note issued to investors on Thursday.

DAN has been the topic of several other research reports. Barclays boosted their target price on shares of Dana from $17.00 to $20.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Dana from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Royal Bank of Canada upped their target price on Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, UBS Group upped their price objective on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.57.

Dana Stock Up 1.7%

NYSE DAN traded up $0.28 on Thursday, hitting $16.46. The stock had a trading volume of 1,937,074 shares, compared to its average volume of 1,701,315. The business's fifty day moving average price is $13.55 and its 200 day moving average price is $13.07. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana has a 52-week low of $7.58 and a 52-week high of $16.90. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -42.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the firm posted $0.02 earnings per share. Dana's revenue for the quarter was down 14.0% compared to the same quarter last year. Equities research analysts anticipate that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. Dana's dividend payout ratio (DPR) is currently -166.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC increased its stake in Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after acquiring an additional 32,241 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Dana by 27,790.5% during the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after purchasing an additional 85,039 shares during the period. JB Capital Partners LP boosted its stake in Dana by 1.1% during the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock worth $24,524,000 after buying an additional 20,000 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Dana during the first quarter worth about $2,434,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Dana during the first quarter worth about $146,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.