American Axle & Manufacturing (NYSE:DCH) Hits New 1-Year Low – Should You Sell?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) reached a new 52-week low during trading on Thursday. The stock traded as low as $4.41 and last traded at $4.4150, with a volume of 4,158,664 shares changing hands. The stock had previously closed at $4.79.

Analyst Ratings Changes

DCH has been the subject of several recent research reports. Stifel Nicolaus lowered their price target on shares of American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, October 19th. TD Cowen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $8.00 to $10.00 in a report on Tuesday, September 8th. UBS Group lowered their target price on American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Royal Bank Of Canada increased their target price on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, BWS Financial restated a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.90.

American Axle & Manufacturing Trading Down 7.8%

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 company has a market capitalization of $1.05 billion, a PE ratio of -4.09, a price-to-earnings-growth ratio of 0.15 and a beta of 1.73. The stock’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $5.84.

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. Sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.89 earnings per share 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.