American Axle & Manufacturing (NYSE:DCH) Stock Gets Price Target Trim from Stifel Nicolaus

American Axle & Manufacturing (NYSE:DCH – Free Report) had its price objective lowered by Stifel Nicolaus from $7.00 to $6.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently commented on DCH. UBS Group reduced their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Royal Bank Of Canada upped their target price on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. JPMorgan Chase & Co. began coverage on shares of 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. Barclays cut their price target on shares of American Axle & Manufacturing from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. Finally, Bank of America lowered shares of American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 price target on the stock. in a research report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.90.

View Our Latest Research Report on American Axle & Manufacturing

American Axle & Manufacturing Price Performance

Shares of DCH stock opened at $4.86 on Monday. The stock’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $5.96. 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 firm has a market cap of $1.15 billion, a price-to-earnings ratio of -4.50, a P/E/G ratio of 0.17 and a beta of 1.69. American Axle & Manufacturing has a one year low of $4.59 and a one year high of $9.25.

American Axle & Manufacturing (NYSE:DCH – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. The firm had revenue of $2.96 billion for the quarter. On average, analysts expect that American Axle & Manufacturing will post 0.89 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

(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

Analyst Recommendations for American Axle & Manufacturing (NYSE:DCH)

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