Dana (NYSE:DAN) Upgraded to Buy at 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 report released on Thursday morning.

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

Dana Stock Performance

DAN traded up $0.82 on Thursday, reaching $17.24. 1,410,119 shares of the stock were exchanged, compared to its average volume of 1,701,703. The company's 50-day moving average price is $13.65 and its 200 day moving average price is $13.18. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $17.25. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a market capitalization of $2.51 billion, a PE ratio of -44.20, a PEG ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business's quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, sell-side analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. Dana's dividend payout ratio (DPR) is -166.67%.

Institutional Investors Weigh In On Dana

Several hedge funds have recently made changes to their positions in DAN. Great Lakes Advisors LLC lifted its position 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 purchasing an additional 32,241 shares during the period. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 85,039 shares during the period. JB Capital Partners LP lifted its position in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after purchasing an additional 20,000 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Dana in the first quarter valued at about $2,434,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Dana in the first quarter valued at about $146,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Dana Company Profile

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.