American Axle & Manufacturing (NYSE:DCH) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of American Axle & Manufacturing (NYSE:DCH) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has $7.10 target price on the stock, down from their previous target price of $8.25.

Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Barclays boosted their price target on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. BWS Financial restated a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.76.

American Axle & Manufacturing Stock Performance

DCH stock opened at $5.46 on Wednesday. The business’s fifty day moving average price is $6.20. American Axle & Manufacturing has a fifty-two week low of $4.91 and a fifty-two week high of $9.25. The company has a market cap of $1.30 billion, a P/E ratio of -5.06, a price-to-earnings-growth ratio of 0.19 and a beta of 1.63. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings data 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. The business had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. Equities analysts predict that American Axle & Manufacturing will post 0.96 EPS for the current 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.