Stifel Nicolaus Has Lowered Expectations for American Axle & Manufacturing (NYSE:DCH) Stock Price

American Axle & Manufacturing (NYSE:DCH) had its price target lowered by analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 23.58% from the stock’s previous close.

DCH has been the subject of several other research reports. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price for the company. BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Jefferies Financial Group downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $8.25 to $7.10 in a research report on Wednesday, September 23rd. Royal Bank Of Canada raised their target price on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Barclays cut their target price on American Axle & Manufacturing from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Axle & Manufacturing currently has an average rating of “Hold” and a consensus target price of $8.90.

American Axle & Manufacturing Stock Performance

DCH stock opened at $4.86 on Monday. 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 stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.34, a PEG ratio of 0.16 and a beta of 1.69. American Axle & Manufacturing has a 1 year low of $4.59 and a 1 year high of $9.25. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $5.97.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The business had revenue of $2.96 billion for the quarter. On average, research analysts predict that American Axle & Manufacturing will post 0.90 EPS for the current year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.