Dana (NYSE:DAN) Stock Rating Upgraded by ValuEngine

Dana (NYSE:DAN) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

DAN has been the subject of a number of other reports. Oppenheimer initiated coverage on Dana in a report on Tuesday, November 19th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 price target on shares of Dana in a report on Sunday, December 22nd. Barclays decreased 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. Finally, UBS Group initiated coverage on Dana in a research note on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.88.

Dana stock traded down $0.29 during trading hours on Wednesday, reaching $17.10. 1,136,778 shares of the company’s stock were exchanged, compared to its average volume of 1,173,476. 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 firm’s 50 day simple moving average is $17.72 and its 200 day simple moving average is $16.32. Dana has a twelve month low of $11.57 and a twelve month high of $20.96. The firm has a market capitalization of $2.50 billion, a PE ratio of 5.76, a PEG ratio of 1.31 and a beta of 2.24.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $0.77 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Dana will post 3.06 EPS for the current year.

In other news, insider Robert D. Pyle sold 32,851 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total value of $572,264.42. Following the completion of the sale, the insider now directly owns 72,048 shares in the company, valued at approximately $1,255,076.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dwayne Matthews sold 35,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.70, for a total value of $619,500.00. Following the completion of the sale, the insider now owns 105,564 shares of the company’s stock, valued at $1,868,482.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,851 shares of company stock valued at $1,367,964. 0.75% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DAN. First Trust Advisors LP lifted its position in Dana by 54.6% in the 1st quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock valued at $3,583,000 after acquiring an additional 71,292 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Dana by 5.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 160,972 shares of the auto parts company’s stock valued at $2,856,000 after acquiring an additional 8,801 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Dana in the 2nd quarter valued at about $300,000. Bank of Montreal Can lifted its position in Dana by 91.0% in the 2nd quarter. Bank of Montreal Can now owns 245,754 shares of the auto parts company’s stock valued at $4,901,000 after acquiring an additional 117,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dana by 7.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,557,552 shares of the auto parts company’s stock valued at $31,058,000 after acquiring an additional 111,974 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Dana (NYSE:DAN)

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