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

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Get Free Report) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $4.59 and last traded at $4.8550, with a volume of 5,495,116 shares changing hands. The stock had previously closed at $4.75.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DCH shares. UBS Group dropped their price target 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. Jefferies Financial Group downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating and reduced their price objective for the company from $8.25 to $7.10 in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. initiated coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 target price for the company. Royal Bank Of Canada lifted their target price on American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average price target of $8.90.

Get Our Latest Research Report on American Axle & Manufacturing

American Axle & Manufacturing Trading Up 2.2%

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 stock has a market capitalization of $1.15 billion, a PE ratio of -4.50, a PEG ratio of 0.16 and a beta of 1.69. The stock’s 50 day simple moving average is $6.03 and its two-hundred day simple moving average is $5.97.

American Axle & Manufacturing (NYSE:DCH – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The company had revenue of $2.96 billion during the quarter. On average, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.90 EPS for the current year.

About American Axle & Manufacturing

(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.

Further Reading

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