Dana (NYSE:DAN) Rating Lowered to “Hold” at Zacks Research

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

A number of other research firms have also issued reports on DAN. Royal Bank Of Canada upped their target price on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wall Street Zen lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 target price on shares of Dana in a report on Thursday, January 22nd. Barclays upped their target price on shares of Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, UBS Group upped their target price on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Dana Price Performance

Dana stock opened at $37.96 on Tuesday. Dana has a 52-week low of $11.98 and a 52-week high of $38.60. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 66.60 and a beta of 2.05. The company has a fifty day simple moving average of $34.03 and a 200-day simple moving average of $27.28. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana (NYSE:DAN) last released its earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter. Dana had a net margin of 1.13% and a negative return on equity of 3.06%. The business had revenue of $1.87 billion during the quarter. On average, equities analysts anticipate that Dana will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL boosted its stake 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 worth $4,271,000 after buying an additional 201,344 shares during the period. SG Americas Securities LLC purchased a new position in Dana during the third quarter worth about $488,000. Amalgamated Bank boosted its stake in Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after buying an additional 1,279 shares during the period. Loomis Sayles & Co. L P boosted its stake in Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after buying an additional 604,246 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after buying an additional 27,712 shares during the period. 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.