Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Target Price at $10.14

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.1429.

Several research analysts recently weighed in on DCH shares. Royal Bank Of Canada boosted their target price on American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Barclays raised their price target on American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. BWS Financial reaffirmed a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Finally, Stifel Nicolaus boosted their price target on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Monday, August 10th.

American Axle & Manufacturing Price Performance

Shares of NYSE DCH opened at $6.12 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The stock has a market cap of $1.46 billion, a PE ratio of -5.67, a P/E/G ratio of 0.21 and a beta of 1.63. American Axle & Manufacturing has a 1-year low of $4.91 and a 1-year high of $9.25. The stock’s fifty day moving average is $6.14.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. As a group, equities research analysts anticipate that American Axle & Manufacturing will post 0.96 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle’s engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.