Dana (NYSE:DAN) Given “Outperform” Rating at Royal Bank of Canada

Dana (NYSE:DAN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued on Thursday, Marketbeat.com reports. They presently have a $24.00 price target on the auto parts company’s stock, up from their prior price target of $20.00. Royal Bank of Canada’s price objective points to a potential upside of 37.22% from the company’s previous close.

A number of other equities analysts also recently issued reports on DAN. Wells Fargo & Company increased their price target on shares of Dana from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group upped their target price on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Wall Street Zen upgraded Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Barclays boosted their price target on Dana from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.43.

Dana Stock Performance

Shares of DAN traded up $0.26 during midday trading on Thursday, reaching $17.49. 464,376 shares of the stock were exchanged, compared to its average volume of 1,720,439. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -44.84, a PEG ratio of 0.72 and a beta of 2.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana has a twelve month low of $7.58 and a twelve month high of $18.03. The business’s 50-day moving average price is $14.65 and its 200 day moving average price is $13.96.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business’s revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. On average, sell-side analysts expect that Dana will post 1.5 EPS for the current fiscal year.

Institutional Trading of Dana

Several hedge funds and other institutional investors have recently modified their holdings of the business. Loomis Sayles & Co. L P purchased a new stake in Dana in the 4th quarter worth about $9,498,000. JB Capital Partners LP lifted its position in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after purchasing an additional 407,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Dana in the 1st quarter valued at approximately $2,434,000. Great Lakes Advisors LLC lifted its position in Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 142,850 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Dana by 27,790.5% during the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after buying an additional 85,039 shares during the period. 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.