American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives Average Rating of “Hold” from Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.7143.

Several analysts have recently issued reports on the stock. 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 research note on Monday, July 13th. Stifel Nicolaus boosted their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Barclays upped their price objective on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, JPMorgan Chase & Co. started 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 on the stock.

American Axle & Manufacturing Stock Down 0.4%

Shares of NYSE:DCH opened at $6.43 on Wednesday. The firm’s 50 day moving average is $5.83. American Axle & Manufacturing has a 12-month low of $4.91 and a 12-month high of $9.25. The stock has a market capitalization of $1.53 billion, a PE ratio of -5.96, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS 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 business had revenue of $2.96 billion during the quarter. As a group, equities research analysts expect that American Axle & Manufacturing will post 0.96 earnings per share for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.