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RBC Capital Remains a Buy on Dana Incorporated (DAN)

Tipranks - Tue Apr 14, 8:52PM CDT

In a report released on April 10, Tom Narayan from RBC Capital maintained a Buy rating on Dana Incorporated, with a price target of $40.00. The company’s shares closed yesterday at $36.46.

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Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Dauch Corporation. According to TipRanks, Narayan has an average return of 6.1% and a 44.60% success rate on recommended stocks.

Dana Incorporated has an analyst consensus of Strong Buy, with a price target consensus of $39.60, representing an 8.61% upside. In a report released on March 30, Barclays also assigned a Buy rating to the stock with a $41.00 price target.

Based on Dana Incorporated’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $168 million. In comparison, last year the company earned a revenue of $2.34 billion and had a GAAP net loss of $80 million

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