American Axle & Manufacturing (NYSE:DCH) Now Covered by Analysts at Barclays

Investment analysts at Barclays assumed coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a research report issued on Monday,Benzinga reports. The firm set an “equal weight” rating and a $8.00 price target on the stock. Barclays‘s target price suggests a potential upside of 26.88% from the company’s current price.

Several other equities research analysts also recently weighed in on DCH. Royal Bank Of Canada raised their price target on American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. TD Cowen lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Finally, Stifel Nicolaus upped their price target on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and a consensus price target of $9.80.

American Axle & Manufacturing Trading Down 0.1%

Shares of DCH opened at $6.30 on Monday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.04 and a current ratio of 1.40. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -8.30, a PEG ratio of 0.27 and a beta of 1.57. American Axle & Manufacturing has a 12 month low of $3.94 and a 12 month high of $9.25. The firm’s fifty day simple moving average is $6.19.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.38. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The firm had revenue of $2.38 billion for the quarter. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. As a group, research analysts forecast that American Axle & Manufacturing will post 0.77 EPS for the current 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.