American Axle & Manufacturing (NYSE:DCH) Given New $8.00 Price Target at Barclays

American Axle & Manufacturing (NYSE:DCH) had its price target dropped by Barclays from $9.00 to $8.00 in a report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 41.47% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price objective on the stock. Stifel Nicolaus lifted their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, August 10th. TD Cowen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating and boosted their target price for the company from $8.00 to $10.00 in a research report on Tuesday, September 8th. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. Finally, Royal Bank Of Canada raised their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.51.

American Axle & Manufacturing Stock Performance

Shares of NYSE:DCH traded down $0.04 during trading on Friday, reaching $5.66. 154,765 shares of the stock were exchanged, compared to its average volume of 4,813,618. American Axle & Manufacturing has a 12 month low of $4.91 and a 12 month high of $9.25. The stock has a 50-day moving average price of $6.18 and a 200-day moving average price of $6.00. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. The firm has a market cap of $1.34 billion, a PE ratio of -5.24, a PEG ratio of 0.20 and a beta of 1.69.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The company had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. Research analysts expect that American Axle & Manufacturing will post 0.94 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.