American Axle & Manufacturing (NYSE:DCH – Get Free Report) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $10.00 price target on the stock. TD Cowen’s price objective would indicate a potential upside of 43.27% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday. Wall Street Zen cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Royal Bank Of Canada increased their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. UBS Group reduced their price objective on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.14.
Read Our Latest Stock Analysis on American Axle & Manufacturing
American Axle & Manufacturing Stock Down 0.1%
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. The business had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. Research analysts anticipate that American Axle & Manufacturing will post 0.96 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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