American Axle & Manufacturing (NYSE:DCH) Reaches New 52-Week Low – Here’s Why

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.41 and last traded at $4.4150, with a volume of 4,158,664 shares trading hands. The stock had previously closed at $4.79.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DCH. Bank of America lowered shares of American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 target price for the company. in a research note on Thursday, October 15th. Barclays decreased their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. BWS Financial reaffirmed a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th. UBS Group lowered their target price on American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Stifel Nicolaus decreased their price target on shares of American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus price target of $8.90.

Check Out Our Latest Analysis on DCH

American Axle & Manufacturing Stock Up 2.9%

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -4.21, a price-to-earnings-growth ratio of 0.16 and a beta of 1.73. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02. The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.83.

American Axle & Manufacturing (NYSE:DCH – Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The business had revenue of $2.91 billion during the quarter. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.89 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

(Get Free Report)

American Axle & Manufacturing Holdings, Inc (NYSE: DCH) designs, engineers and manufactures driveline and metal-forming systems for the global automotive industry. Its products include axles, driveshafts, differentials, transfer cases, electric drive units and other components used in light trucks, SUVs, passenger cars and commercial vehicles.

The company also produces forged, cast and machined metal components, as well as chassis and powertrain parts. American Axle supplies original equipment manufacturers and serves vehicle programs across North America, South America, Europe and Asia.

American Axle was established in 1994 when it acquired several driveline manufacturing operations from General Motors.

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