Stifel Nicolaus Cuts American Axle & Manufacturing (NYSE:DCH) Price Target to $6.00

American Axle & Manufacturing (NYSE:DCH) had its price target dropped by equities researchers at Stifel Nicolaus from $7.00 to $6.00 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.42% from the company’s previous close.

Several other brokerages also recently weighed in on DCH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Thursday, June 25th. UBS Group reduced their target price on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. TD Cowen lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada boosted their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.43.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock traded down $0.06 during mid-day trading on Monday, reaching $5.38. 588,685 shares of the company were exchanged, compared to its average volume of 5,417,620. American Axle & Manufacturing has a twelve month low of $4.26 and a twelve month high of $9.25. The stock has a 50-day moving average price of $5.98. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -7.09, a PEG ratio of 0.23 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last announced its 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 for the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The company’s quarterly revenue was up 68.6% on a year-over-year basis. As a group, equities research analysts anticipate that American Axle & Manufacturing will post 0.78 EPS for the current 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.