American Axle & Manufacturing (NYSE:DCH) Price Target Cut to $10.00 by Analysts at Royal Bank Of Canada

American Axle & Manufacturing (NYSE:DCH) had its target price decreased by equities researchers at Royal Bank Of Canada from $12.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 41.04% from the stock’s current price.

Several other research firms have also recently commented on DCH. Zacks Research cut American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Weiss Ratings started coverage on American Axle & Manufacturing in a report on Thursday, February 5th. They set a “hold (c-)” rating on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Axle & Manufacturing presently has an average rating of “Hold” and an average target price of $10.00.

American Axle & Manufacturing Trading Down 2.2%

NYSE:DCH traded down $0.16 during mid-day trading on Tuesday, hitting $7.09. The stock had a trading volume of 2,583,712 shares, compared to its average volume of 7,914,078. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. The company has a market cap of $841.58 million, a PE ratio of -39.39 and a beta of 1.60. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.09. The company had revenue of $1.38 billion for the quarter. American Axle & Manufacturing had a negative net margin of 0.34% and a positive return on equity of 9.92%. American Axle & Manufacturing’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS.

American Axle & Manufacturing Company Profile

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.