American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Stock Has Consensus Target Price of $8.90 According to Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.90.

A number of equities analysts recently issued reports on the company. TD Cowen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating and upped their price target for the company from $8.00 to $10.00 in a report on Tuesday, September 8th. Royal Bank Of Canada lifted their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Jefferies Financial Group lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating and lowered their price objective for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. Barclays decreased their price objective on 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, BWS Financial restated a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th.

American Axle & Manufacturing Stock Performance

Shares of NYSE DCH opened at $4.55 on Monday. The company has a market cap of $1.08 billion, a PE ratio of -4.21, a PEG ratio of 0.16 and a beta of 1.73. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average price is $5.53 and its 200-day moving average price is $5.83. American Axle & Manufacturing has a 52-week low of $4.41 and a 52-week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $2.91 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. As a group, analysts anticipate that American Axle & Manufacturing will post 0.89 EPS for the current year.

American Axle & Manufacturing Company Profile

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.