Zacks Investment Research Upgrades Dana Incorporated (DAN) to Strong-Buy

Dana Incorporated (NYSE:DAN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday. The firm currently has a $34.00 price target on the auto parts company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.76% from the company’s previous close.

According to Zacks, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio. “

Several other brokerages also recently weighed in on DAN. BidaskClub downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Barclays PLC downgraded shares of Dana from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $24.00 in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $27.00 price target on shares of Dana in a research report on Thursday, October 5th. UBS AG downgraded shares of Dana to a “neutral” rating in a research report on Thursday, July 13th. Finally, Susquehanna Bancshares Inc downgraded shares of Dana from a “neutral” rating to a “negative” rating and set a $19.00 price target for the company. in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.30.

Dana (NYSE DAN) opened at 29.37 on Monday. The stock has a market cap of $4.25 billion, a P/E ratio of 6.23 and a beta of 1.56. Dana has a 52 week low of $14.53 and a 52 week high of $29.70. The stock has a 50 day moving average price of $27.37 and a 200-day moving average price of $23.23.

Dana (NYSE:DAN) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.17. The company had revenue of $18.40 million during the quarter, compared to the consensus estimate of $1.67 billion. Dana had a net margin of 10.80% and a return on equity of 30.79%. The firm’s quarterly revenue was down 98.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts anticipate that Dana will post $2.36 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Dana by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock worth $471,000 after purchasing an additional 60 shares during the period. Capstone Asset Management Co. grew its position in Dana by 0.4% in the 2nd quarter. Capstone Asset Management Co. now owns 18,278 shares of the auto parts company’s stock worth $408,000 after purchasing an additional 80 shares during the period. US Bancorp DE grew its position in Dana by 1.4% in the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock worth $214,000 after purchasing an additional 129 shares during the period. Teacher Retirement System of Texas grew its position in Dana by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,550 shares of the auto parts company’s stock worth $258,000 after purchasing an additional 143 shares during the period. Finally, Oakbrook Investments LLC grew its position in Dana by 2.9% in the 2nd quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock worth $239,000 after purchasing an additional 300 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

About Dana

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

Analyst Recommendations for Dana (NYSE:DAN)

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