Bank of America downgraded shares of American Axle & Manufacturing (NYSE:DCH – Free Report) from a buy rating to an underperform rating in a research report report published on Thursday, MarketBeat Ratings reports. Bank of America currently has $5.00 price objective on the stock.
Other equities research analysts also recently issued research reports about the stock. BWS Financial reiterated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Stifel Nicolaus boosted their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. UBS Group dropped their price target on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Jefferies Financial Group lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating and cut their price objective for the stock from $8.25 to $7.10 in a report on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $9.01.
View Our Latest Research Report on DCH
American Axle & Manufacturing Stock Down 5.0%
NYSE:DCH opened at $4.84 on Thursday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -4.49, a PEG ratio of 0.17 and a beta of 1.69. American Axle & Manufacturing has a 1-year low of $4.78 and a 1-year high of $9.25. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. The business’s fifty day moving average price is $6.11 and its 200 day moving average price is $5.98.
American Axle & Manufacturing (NYSE:DCH – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. The firm had revenue of $2.96 billion during the quarter. On average, sell-side analysts forecast that American Axle & Manufacturing will post 0.92 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. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.
The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.
Founded in 1994 by Richard E.
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