Dana (NYSE:DAN) Raised to Moderate Buy at Royal Bank of Canada

Dana (NYSE:DAN - Get Free Report) was upgraded by investment analysts at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a $20.00 price target on the auto parts company's stock, up from their previous price target of $14.00. Royal Bank of Canada's target price indicates a potential upside of 23.76% from the company's previous close.

A number of other research firms also recently weighed in on DAN. Wells Fargo & Company increased their target price on Dana from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. increased their target price on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group increased 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. Finally, Barclays increased their target price on Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dana has an average rating of "Moderate Buy" and an average price target of $18.57.

Dana Trading Up 2.7%

Dana stock opened at $16.16 on Thursday. 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 one year low of $7.58 and a one year high of $16.90. The stock has a market capitalization of $2.36 billion, a PE ratio of -41.43, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07. The business's fifty day moving average is $13.51 and its 200 day moving average is $12.98.

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

Institutional Trading of Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JB Capital Partners LP raised its stake in Dana by 1.1% during the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after purchasing an additional 20,000 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock worth $10,822,000 after purchasing an additional 17,569 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Dana in the 4th quarter worth approximately $9,498,000. Cibc World Markets Corp boosted its holdings in shares of Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after purchasing an additional 12,220 shares during the period. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Dana by 11.5% in the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after purchasing an additional 32,241 shares during the period. Institutional investors 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.