American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $10.00

American Axle & Manufacturing (NYSE:DCH) had its price target boosted by Royal Bank Of Canada from $9.00 to $10.00 in a report published on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

DCH has been the subject of several other research reports. Wall Street Zen upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. TD Cowen cut their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. BWS Financial reiterated a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, April 21st. Stifel Nicolaus increased their target price on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Zacks Research upgraded shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, three have given 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 $10.25.

American Axle & Manufacturing Stock Performance

DCH opened at $6.55 on Monday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -8.61, a P/E/G ratio of 0.40 and a beta of 1.52. The firm’s 50-day moving average is $5.85. The company has a debt-to-equity ratio of 3.43, a quick ratio of 2.57 and a current ratio of 1.40. American Axle & Manufacturing has a fifty-two week low of $3.94 and a fifty-two week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.38. The company had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The business’s quarterly revenue was up 68.6% compared to the same quarter last year. Equities research analysts predict that American Axle & Manufacturing will post 0.51 earnings per share for the current fiscal year.

About American Axle & Manufacturing

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.