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

American Axle & Manufacturing (NYSE:DCH) had its price target reduced by equities researchers at Stifel Nicolaus from $6.00 to $5.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 8.11% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada boosted their price objective 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. BWS Financial reiterated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Jefferies Financial Group cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and cut their price objective for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.79.

American Axle & Manufacturing Stock Performance

Shares of NYSE DCH opened at $4.62 on Tuesday. The firm has a 50 day moving average of $5.50 and a 200 day moving average of $5.82. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. American Axle & Manufacturing has a 12-month low of $4.41 and a 12-month high of $9.25. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 0.16 and a beta of 1.73.

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

Institutional Trading of American Axle & Manufacturing

A hedge fund recently raised its position in American Axle & Manufacturing stock. Hantz Financial Services Inc. increased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) by 139.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,847 shares of the company’s stock after acquiring an additional 6,903 shares during the period. Hantz Financial Services Inc.’s holdings in American Axle & Manufacturing were worth $62,000 as of its most recent SEC filing. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Company Profile

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.