American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Get Free Report) rose 17.9% on Friday after the company announced better than expected quarterly earnings. The company traded as high as $6.65 and last traded at $6.6850. Approximately 1,365,848 shares traded hands during trading, a decline of 74% from the average session volume of 5,189,799 shares. The stock had previously closed at $5.67.
The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.18. The company had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%.
Analyst Ratings Changes
DCH has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price on the stock. TD Cowen dropped their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. UBS Group dropped their price target on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Stifel Nicolaus dropped their target price on American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Finally, Royal Bank Of Canada upped their target price on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus price target of $9.43.
American Axle & Manufacturing Trading Up 19.8%
The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $1.61 billion, a PE ratio of -8.94, a price-to-earnings-growth ratio of 0.26 and a beta of 1.60. The stock has a fifty day simple moving average of $5.78.
About American Axle & Manufacturing
American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.
Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.
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