American Axle & Manufacturing (NYSE:DCH – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a research report issued on Thursday,Benzinga reports. They currently have a $17.00 target price on the stock. BWS Financial’s target price suggests a potential upside of 192.85% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Wall Street Zen lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stifel Nicolaus increased their target price on American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.80.
Read Our Latest Research Report on DCH
American Axle & Manufacturing Price Performance
American Axle & Manufacturing (NYSE:DCH – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. The business had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The business’s quarterly revenue was up 68.6% on a year-over-year basis. Equities research analysts expect that American Axle & Manufacturing will post 0.77 earnings per share for the current fiscal year.
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.
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