American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $7.00

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

Several other brokerages have also recently commented on DCH. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price target on the stock. BWS Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research report on Thursday, June 25th. Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Finally, UBS Group reduced their price target on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.57.

American Axle & Manufacturing Stock Down 1.0%

Shares of DCH stock opened at $6.82 on Monday. The stock has a fifty day simple moving average of $5.79. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -6.31, a PEG ratio of 0.24 and a beta of 1.60. American Axle & Manufacturing has a 12 month low of $4.91 and a 12 month high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last announced 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. The business had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. On average, equities analysts predict that American Axle & Manufacturing will post 0.89 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

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.