Dana (NYSE:DAN) has been assigned a $20.00 target price by equities researchers at KeyCorp in a report issued on Friday. The brokerage presently has a “buy” rating on the auto parts company’s stock. KeyCorp’s price objective indicates a potential upside of 12.61% from the stock’s previous close. KeyCorp also issued estimates for Dana’s FY2018 earnings at $2.90 EPS, FY2019 earnings at $3.25 EPS and FY2020 earnings at $3.45 EPS.

Other analysts have also issued reports about the company. Barclays set a $23.00 price target on Dana and gave the company a “buy” rating in a research note on Friday, January 4th. UBS Group raised Dana from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, January 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Dana in a research note on Monday, October 29th. Deutsche Bank started coverage on Dana in a research note on Thursday, December 13th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Dana presently has an average rating of “Buy” and an average target price of $21.91.

Shares of DAN stock traded up $0.62 during mid-day trading on Friday, reaching $17.76. 2,881,585 shares of the stock traded hands, compared to its average volume of 1,630,199. Dana has a 1-year low of $12.65 and a 1-year high of $34.06. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 1.95 and a beta of 1.68. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dana (NYSE:DAN) last announced its quarterly earnings results on Monday, October 29th. The auto parts company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dana had a return on equity of 34.30% and a net margin of 2.79%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Dana will post 2.92 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Dana in the third quarter worth approximately $131,000. Macquarie Group Ltd. increased its holdings in Dana by 54.8% in the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after purchasing an additional 3,400 shares in the last quarter. Global X Management Co LLC bought a new stake in Dana in the second quarter worth approximately $220,000. Signition LP bought a new stake in Dana in the third quarter worth approximately $227,000. Finally, Nomura Holdings Inc. bought a new stake in Dana in the second quarter worth approximately $262,000. 93.23% of the stock is currently owned by institutional investors.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

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Analyst Recommendations for Dana (NYSE:DAN)

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