Dana (NYSE:DAN) Downgraded by StockNews.com

Dana (NYSE:DAN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently commented on DAN. Wells Fargo & Company cut shares of Dana from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $13.00 to $9.00 in a research note on Friday, September 20th. Wolfe Research initiated coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays lifted their price target on Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. Finally, UBS Group reduced their target price on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dana currently has a consensus rating of “Hold” and an average price target of $14.00.

Dana Price Performance

Dana stock opened at $10.58 on Wednesday. The business’s 50 day simple moving average is $10.55 and its 200 day simple moving average is $11.97. Dana has a 12 month low of $9.16 and a 12 month high of $15.07. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 117.50, a PEG ratio of 0.53 and a beta of 2.28. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Dana will post 0.98 EPS for the current year.

Institutional Trading of Dana

A hedge fund recently raised its stake in Dana stock. Rhumbline Advisers boosted its stake in Dana Incorporated (NYSE:DAN) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,586 shares of the auto parts company’s stock after purchasing an additional 5,468 shares during the quarter. Rhumbline Advisers owned about 0.29% of Dana worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 96.79% of the company’s stock.

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.