American Axle & Manufacturing (NYSE:DCH) Stock Price Up 7.9% – Still a Buy?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) shares traded up 7.9% during trading on Wednesday . The company traded as high as $6.60 and last traded at $6.5590. 992,804 shares traded hands during trading, a decline of 80% from the average session volume of 4,946,989 shares. The stock had previously closed at $6.08.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DCH. Wall Street Zen lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group cut 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. 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. BWS Financial reissued a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Finally, 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. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.71.

American Axle & Manufacturing Price Performance

The business has a 50 day moving average of $5.89. The stock has a market cap of $1.59 billion, a P/E ratio of -6.19, a PEG ratio of 0.22 and a beta of 1.63. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40.

American Axle & Manufacturing (NYSE:DCH) last posted its earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%.The firm had revenue of $2.96 billion during the quarter. As a group, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.96 EPS 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.