American Axle & Manufacturing (NYSE:DCH) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of American Axle & Manufacturing (NYSE:DCH) from a buy rating to a hold rating in a research note released on Sunday.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada boosted their price target on American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings started coverage on American Axle & Manufacturing in a report on Wednesday, March 11th. They issued a “sell (d)” rating for the company. Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. TD Cowen cut their price target on American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Finally, Stifel Nicolaus boosted their price target on American Axle & Manufacturing from $6.70 to $7.00 and gave the company a “hold” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.25.

American Axle & Manufacturing Stock Performance

Shares of DCH opened at $6.35 on Friday. The company has a fifty day simple moving average of $5.88. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04. The firm has a market cap of $1.51 billion, a P/E ratio of -8.36, a PEG ratio of 0.30 and a beta of 1.52. American Axle & Manufacturing has a fifty-two week low of $3.94 and a fifty-two week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.38. The company had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The company’s revenue was up 68.6% on a year-over-year basis. As a group, equities research analysts forecast that American Axle & Manufacturing will post 0.7 earnings per share for the current fiscal year.

About American Axle & Manufacturing

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.