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

Dana (NYSE:DAN) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other analysts have also recently issued reports on DAN. Wells Fargo & Company increased their target price on Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. UBS Group increased their target price on Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Weiss Ratings raised Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada increased their target price on Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Dana presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Dana Stock Down 0.1%

Shares of NYSE:DAN opened at $36.44 on Friday. Dana has a 52-week low of $10.26 and a 52-week high of $36.67. The stock has a market cap of $3.99 billion, a P/E ratio of 63.92 and a beta of 2.05. The business’s 50 day moving average is $33.13 and its 200 day moving average is $26.38. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana (NYSE:DAN) last announced its earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. Sell-side analysts predict that Dana will post 1.5 EPS for the current year.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Dana during the 2nd quarter valued at $176,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Dana during the 4th quarter valued at $309,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Dana during the 3rd quarter valued at $488,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

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.