Dana (NYSE:DAN) Upgraded to Equal Weight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Dana (NYSE:DAN) from an underweight rating to an equal weight rating in a report issued on Monday, MarketBeat reports. The brokerage currently has $16.00 price target on the auto parts company’s stock, up from their previous price target of $10.00.

A number of other equities research analysts also recently weighed in on DAN. JPMorgan Chase & Co. reduced their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. UBS Group upgraded shares of Dana from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $18.00 in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and increased their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. Finally, BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Dana Stock Up 2.2 %

Shares of DAN opened at $16.51 on Monday. The firm has a 50 day simple moving average of $12.02 and a two-hundred day simple moving average of $10.96. The company has a market cap of $2.39 billion, a P/E ratio of -150.09 and a beta of 2.31. Dana has a one year low of $7.58 and a one year high of $16.64. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. Dana’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Dana will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 26,225 shares during the last quarter. Entropy Technologies LP acquired a new stake in Dana during the 3rd quarter valued at approximately $250,000. Segall Bryant & Hamill LLC bought a new position in Dana during the 3rd quarter worth approximately $2,687,000. JB Capital Partners LP lifted its position in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of Dana in the 3rd quarter valued at $346,000. 96.79% of the stock is owned by institutional investors and hedge funds.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.