American Axle & Manufacturing (NYSE:DCH) Shares Down 7.3% – What’s Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) dropped 7.3% on Tuesday . The stock traded as low as $5.75 and last traded at $5.7450. Approximately 2,233,721 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 6,057,651 shares. The stock had previously closed at $6.20.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BWS Financial reissued a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their target price on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Wall Street Zen cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Stifel Nicolaus lifted their price target on American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.25.

American Axle & Manufacturing Stock Up 4.9%

The stock has a market cap of $1.46 billion, a P/E ratio of -8.07, a P/E/G ratio of 0.26 and a beta of 1.52. The company has a fifty day moving average of $5.88. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. The company had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. American Axle & Manufacturing’s revenue was up 68.6% compared to the same quarter last year. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.7 earnings per share 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.