American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Get Free Report) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.4286.
Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Thursday, June 25th. TD Cowen cut their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Monday, June 8th. Finally, Royal Bank Of Canada upped their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 13th.
View Our Latest Stock Report on American Axle & Manufacturing
American Axle & Manufacturing Stock Down 2.1%
American Axle & Manufacturing (NYSE:DCH – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. The firm had revenue of $2.38 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. Sell-side analysts anticipate that American Axle & Manufacturing will post 0.78 EPS for the current year.
About American Axle & Manufacturing
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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