Royal Bank of Canada Forecasts Strong Price Appreciation for Dana (NYSE:DAN) Stock

Dana (NYSE:DAN) had its price target lifted by research analysts at Royal Bank of Canada from $13.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the auto parts company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 1.82% from the company’s previous close.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group increased their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and increased their price target for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, Barclays increased their price target on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Stock Down 3.7 %

DAN stock opened at $15.71 on Friday. The company’s 50 day moving average price is $13.70 and its 200 day moving average price is $11.47. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -40.29, a PEG ratio of 0.72 and a beta of 2.33.

Dana (NYSE:DAN) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. On average, equities research analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC grew its position in shares of Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after acquiring an additional 1,130 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of Dana by 6.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after purchasing an additional 3,368 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Company Profile

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.