American Axle & Manufacturing (NYSE:DCH – Get Free Report) had its price objective cut by equities research analysts at Barclays from $8.00 to $6.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 34.08% from the company’s previous close.
Several other analysts have also recently commented on DCH. UBS Group reduced their target price 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. Stifel Nicolaus lowered their price target on shares of American Axle & Manufacturing from $6.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Jefferies Financial Group downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and dropped their price target for the stock from $8.25 to $7.10 in a research report on Wednesday, September 23rd. Finally, TD Cowen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.00 to $10.00 in a research note on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.57.
Check Out Our Latest Stock Report on American Axle & Manufacturing
American Axle & Manufacturing Trading Up 0.6%
NYSE DCH traded up $0.03 on Wednesday, reaching $4.47. The company had a trading volume of 845,754 shares, compared to its average volume of 4,825,072. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -3.34, a P/E/G ratio of 0.15 and a beta of 1.73. American Axle & Manufacturing has a fifty-two week low of $4.38 and a fifty-two week high of $9.25. The business has a 50 day moving average of $5.46 and a two-hundred day moving average of $5.81. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.39 and a quick ratio of 1.01.
American Axle & Manufacturing (NYSE:DCH – Get Free Report) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. American Axle & Manufacturing had a positive return on equity of 15.93% and a negative net margin of 2.28%. The company had revenue of $2.91 billion during the quarter. Analysts forecast that American Axle & Manufacturing will post 0.90 EPS for the current year.
Institutional Trading of American Axle & Manufacturing
An institutional investor recently raised its position in American Axle & Manufacturing stock. Hantz Financial Services Inc. increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:DCH – Free Report) by 139.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,847 shares of the company’s stock after acquiring an additional 6,903 shares during the quarter. Hantz Financial Services Inc.’s holdings in American Axle & Manufacturing were worth $62,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 91.41% of the company’s stock.
About American Axle & Manufacturing
American Axle & Manufacturing (AAM) designs and manufactures driveline and metal-forming products for the automotive and mobility industries. Its products include axles, driveshafts, differentials, transfer cases, electric-drive systems and related components used in a range of vehicles. Founded in 1994 from former General Motors axle and foundry operations, AAM is headquartered in Detroit, Michigan, and serves automakers and other customers through operations in North America, South America, Europe and Asia.
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