Dana (NYSE:DAN) was upgraded by analysts at ValuEngine from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday, ValuEngine reports.
Several other equities analysts have also recently weighed in on DAN. Deutsche Bank boosted their price objective on Dana from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Royal Bank of Canada cut Dana from an "outperform" rating to a "sector perform" rating in a report on Monday, March 16th. Barclays upped their price objective on Dana from $6.00 to $11.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Oppenheimer reiterated a "buy" rating on shares of Dana in a research note on Sunday, April 19th. Finally, Zacks Investment Research upgraded Dana from a "strong sell" rating to a "hold" rating in a research report on Friday, April 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Dana has an average rating of "Buy" and a consensus target price of $16.33.
NYSE:DAN opened at $11.77 on Friday. Dana has a 12-month low of $4.22 and a 12-month high of $20.04. The firm has a market capitalization of $1.70 billion, a P/E ratio of 10.32, a P/E/G ratio of 4.90 and a beta of 2.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.60 and a quick ratio of 1.01. The business has a 50 day simple moving average of $12.28 and a 200 day simple moving average of $13.00.
Dana (NYSE:DAN) last announced its earnings results on Thursday, April 30th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.17. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. Dana had a return on equity of 21.22% and a net margin of 1.98%. Dana's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. Research analysts anticipate that Dana will post 0.44 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in Dana by 18.1% during the fourth quarter. Alliancebernstein L.P. now owns 6,997,951 shares of the auto parts company's stock valued at $127,363,000 after purchasing an additional 1,070,436 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Dana by 3.6% during the first quarter. Wedge Capital Management L L P NC now owns 5,275,431 shares of the auto parts company's stock worth $41,201,000 after buying an additional 185,279 shares during the last quarter. State Street Corp grew its stake in shares of Dana by 6.2% during the first quarter. State Street Corp now owns 4,909,704 shares of the auto parts company's stock worth $38,345,000 after buying an additional 287,273 shares during the last quarter. Invesco Ltd. grew its stake in shares of Dana by 0.8% during the first quarter. Invesco Ltd. now owns 3,949,266 shares of the auto parts company's stock worth $30,844,000 after buying an additional 32,240 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Dana by 174.9% during the first quarter. Pzena Investment Management LLC now owns 3,939,421 shares of the auto parts company's stock worth $30,767,000 after buying an additional 2,506,592 shares during the last quarter. Institutional investors own 94.16% of the company's stock.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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