Dana (NYSE:DAN) Stock Rating Upgraded by TheStreet

Dana (NYSE:DAN) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other equities analysts have also recently commented on DAN. Bank of America raised Dana from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. They noted that the move was a valuation call. Zacks Investment Research cut Dana from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Barclays cut their price target on Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. KeyCorp cut their price target on Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, UBS Group cut their price target on Dana from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Dana has a consensus rating of “Hold” and an average target price of $20.75.

Dana stock traded down $0.01 during trading hours on Thursday, hitting $17.82. The stock had a trading volume of 1,300,322 shares, compared to its average volume of 1,786,230. The company has a 50-day moving average of $15.32 and a two-hundred day moving average of $16.13. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.50 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.23. Dana has a fifty-two week low of $11.57 and a fifty-two week high of $20.96.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dana had a return on equity of 26.97% and a net margin of 2.80%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. As a group, analysts forecast that Dana will post 3.09 EPS for the current fiscal year.

In related news, insider Robert D. Pyle sold 32,851 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total transaction of $572,264.42. Following the completion of the sale, the insider now directly owns 72,048 shares of the company’s stock, valued at approximately $1,255,076.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dwayne Matthews sold 35,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.70, for a total value of $619,500.00. Following the sale, the insider now directly owns 105,564 shares of the company’s stock, valued at $1,868,482.80. The disclosure for this sale can be found here. Insiders have sold a total of 122,421 shares of company stock valued at $1,965,648 over the last ninety days. Insiders own 0.75% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. bought a new position in Dana in the 3rd quarter valued at $212,000. Fulcrum Equity Management bought a new position in Dana in the 3rd quarter valued at $449,000. Brasada Capital Management LP bought a new position in Dana in the 3rd quarter valued at $217,000. SG Americas Securities LLC boosted its position in Dana by 36.1% in the 3rd quarter. SG Americas Securities LLC now owns 41,463 shares of the auto parts company’s stock valued at $599,000 after buying an additional 10,994 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in Dana by 33.5% in the 3rd quarter. First Mercantile Trust Co. now owns 35,890 shares of the auto parts company’s stock valued at $519,000 after buying an additional 9,002 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

About Dana

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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Analyst Recommendations for Dana (NYSE:DAN)

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