TD Cowen Lowers American Axle & Manufacturing (NYSE:DCH) Price Target to $7.00

American Axle & Manufacturing (NYSE:DCH) had its price objective decreased by equities research analysts at TD Cowen from $8.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 18.93% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Weiss Ratings started coverage on American Axle & Manufacturing in a report on Wednesday, March 11th. They set a “sell (d)” rating on the stock. Wall Street Zen cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $7.00.

American Axle & Manufacturing Trading Down 5.2%

DCH stock traded down $0.32 during trading on Wednesday, hitting $5.89. The stock had a trading volume of 1,083,656 shares, compared to its average volume of 6,565,932. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -32.70, a PEG ratio of 0.67 and a beta of 1.63. American Axle & Manufacturing has a twelve month low of $3.16 and a twelve month high of $9.25. The company has a current ratio of 2.95, a quick ratio of 2.57 and a debt-to-equity ratio of 6.31.

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.