American Axle & Manufacturing (NYSE:DCH) Earns Neutral Rating from Analysts at Bank of America

Bank of America began coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the auto parts company’s stock.

DCH has been the topic of a number of other reports. Royal Bank Of Canada cut their price target on American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Wall Street Zen downgraded shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. BWS Financial reissued a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, February 17th. Zacks Research cut shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of American Axle & Manufacturing from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, February 19th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average target price of $10.12.

American Axle & Manufacturing Price Performance

Shares of NYSE:DCH opened at $5.57 on Wednesday. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $9.25. The company has a debt-to-equity ratio of 6.31, a quick ratio of 2.57 and a current ratio of 2.95. The stock has a market capitalization of $1.31 billion, a PE ratio of -30.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61.

American Axle & Manufacturing (NYSE:DCH) last released its earnings results on Friday, February 13th. The auto parts company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The business had revenue of $1.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 10.00% and a negative net margin of 0.34%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. Equities analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PSquared Asset Management AG grew its holdings in shares of American Axle & Manufacturing by 99.9% during the second quarter. PSquared Asset Management AG now owns 369,395 shares of the auto parts company’s stock valued at $1,507,000 after buying an additional 184,570 shares during the last quarter. American Century Companies Inc. lifted its position in American Axle & Manufacturing by 6.9% in the 2nd quarter. American Century Companies Inc. now owns 4,578,385 shares of the auto parts company’s stock valued at $18,680,000 after acquiring an additional 294,805 shares in the last quarter. AXQ Capital LP acquired a new position in American Axle & Manufacturing during the 2nd quarter valued at about $291,000. Counterpoint Mutual Funds LLC bought a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $346,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of American Axle & Manufacturing by 594.0% in the second quarter. Los Angeles Capital Management LLC now owns 343,006 shares of the auto parts company’s stock worth $1,399,000 after purchasing an additional 293,580 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

Key Stories Impacting American Axle & Manufacturing

Here are the key news stories impacting American Axle & Manufacturing this week:

• Positive Sentiment: Deutsche Bank upgraded DCH from “hold” to “buy” and set an $8.00 price target (≈42.6% above the current price), which can attract buyers and provide near-term upside support. Deutsche Bank Upgrade
• Positive Sentiment: Recent quarterly results showed an earnings beat (Q4 EPS of $0.07 vs. consensus ($0.02)) and slight year-over-year revenue growth, giving fundamental backing to the upgrade and reducing downside risk from operations. DCH Earnings Summary
• Neutral Sentiment: Multiple short-form “head-to-head” competitor comparison pieces were published (AmericanBankingNews ran several March 5–6 articles). These are largely aggregative comparisons rather than proprietary catalysts, so they increase newsflow but are unlikely to materially change fundamentals on their own. AmericanBankingNews Head-to-Head
• Negative Sentiment: Technical and balance-sheet/market-pressure factors may be weighing on the stock: DCH sits below its 50‑day moving average (~$8.23), average trading volume is higher than today’s volume (suggesting weaker conviction), and the company carries significant leverage (debt/equity ~3.61), which can limit upside and increase downside risk in a weak auto-cycle. DCH Price & Metrics

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.