Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Get Free Report) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.1429.
Several research firms have recently commented on DCH. TD Cowen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $8.00 to $10.00 in a report on Tuesday, September 8th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. UBS Group reduced their price target on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, BWS Financial reissued a “buy” rating and issued a $17.00 price target on shares of American Axle & Manufacturing in a research note on Monday, August 10th.
Read Our Latest Analysis on American Axle & Manufacturing
American Axle & Manufacturing Price Performance
American Axle & Manufacturing (NYSE:DCH – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The firm had revenue of $2.96 billion during the quarter. As a group, equities analysts expect that American Axle & Manufacturing will post 0.96 earnings per share for the current fiscal year.
American Axle & Manufacturing Company Profile
American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle’s engine or electric motor to its wheels.
The company also produces components and systems through its metal-forming, casting, machining and engineering operations.
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