American Axle & Manufacturing (NYSE:DCH) Stock Price Target Lowered at Stifel Nicolaus

American Axle & Manufacturing (NYSE:DCH) had its price objective trimmed by Stifel Nicolaus from $7.00 to $6.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

DCH has been the subject of a number of other research reports. Jefferies Financial Group lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and cut their price objective for the company from $8.25 to $7.10 in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. began coverage on shares of American Axle & Manufacturing in a research note on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price objective on the stock. TD Cowen upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.00 to $10.00 in a research report on Tuesday, September 8th. BWS Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Finally, Bank of America cut shares of American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 target price for the company. in a research note on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.90.

American Axle & Manufacturing Trading Down 1.8%

Shares of DCH stock opened at $4.75 on Monday. The firm has a 50-day moving average price of $6.07 and a 200 day moving average price of $5.98. American Axle & Manufacturing has a twelve month low of $4.66 and a twelve month high of $9.25. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.17 and a beta of 1.69. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH) last released its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.96 billion for the quarter. Research analysts forecast that American Axle & Manufacturing will post 0.92 earnings per share for the current fiscal year.

About American Axle & Manufacturing

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.