Dana (NYSE:DAN) Upgraded by Zacks Research to “Strong-Buy” Rating

Dana (NYSE:DAN) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently commented on DAN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $36.00 price target on shares of Dana in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. UBS Group increased their target price on Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada lifted their price target on Dana from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.17.

Dana Stock Up 0.1%

Shares of Dana stock opened at $31.01 on Thursday. Dana has a 1 year low of $10.11 and a 1 year high of $31.73. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 1.18 and a beta of 2.14. The company has a 50-day moving average of $24.06 and a 200 day moving average of $20.83. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.91 billion. Dana had a return on equity of 6.35% and a net margin of 0.64%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, sell-side analysts anticipate that Dana will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

Hedge funds have recently bought and sold shares of the business. Loomis Sayles & Co. L P lifted its stake in Dana by 4.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after acquiring an additional 44,010 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after purchasing an additional 8,787 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Dana by 1,706.3% during the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after purchasing an additional 201,344 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in Dana by 6.8% in the third quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock worth $4,160,000 after purchasing an additional 13,270 shares during the last quarter. 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.