American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $9.00 at Barclays

American Axle & Manufacturing (NYSE:DCH) had its price objective upped by equities research analysts at Barclays from $8.00 to $9.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 32.18% from the company’s current price.

A number of other equities research analysts have also weighed in on DCH. JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 target price on the stock. BWS Financial reaffirmed a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research note on Monday, August 10th. UBS Group cut their price target on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Finally, Stifel Nicolaus lifted their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $9.71.

American Axle & Manufacturing Trading Up 1.2%

Shares of DCH stock opened at $6.81 on Monday. The company’s 50-day moving average price is $5.80. American Axle & Manufacturing has a 12 month low of $4.91 and a 12 month high of $9.25. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -6.24, a price-to-earnings-growth ratio of 0.24 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.18. The company had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. On average, sell-side analysts predict that American Axle & Manufacturing will post 0.93 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.