Dana (DAN) PT Set at $20.00 by KeyCorp
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.
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.
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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