American Axle & Manufacturing (NYSE:DCH) Lowered to Hold Rating by Jefferies Financial Group

American Axle & Manufacturing (NYSE:DCH) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $7.10 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 20.01% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. UBS Group cut their target price on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. started coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price target on the stock. Barclays increased their price target on American Axle & Manufacturing from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Finally, TD Cowen raised 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 research note on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.76.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $5.92 on Wednesday. The firm has a 50 day moving average price of $6.19. The firm has a market capitalization of $1.41 billion, a P/E ratio of -5.48, a P/E/G ratio of 0.20 and a beta of 1.63. American Axle & Manufacturing has a 1 year low of $4.91 and a 1 year high of $9.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02.

American Axle & Manufacturing (NYSE:DCH) last posted its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The business had revenue of $2.96 billion for the quarter. Equities analysts anticipate that American Axle & Manufacturing will post 0.96 EPS for the current 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 for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle’s engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.