American Axle & Manufacturing (NYSE:DCH) Stock Gets Price Target Cut from Barclays

American Axle & Manufacturing (NYSE:DCH) had its target price trimmed by Barclays from $8.00 to $6.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also weighed in on the company. Bank of America lowered American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a research note on Thursday, October 15th. TD Cowen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $10.00 in a research note on Tuesday, September 8th. UBS Group dropped their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Stifel Nicolaus reduced their price target on shares of American Axle & Manufacturing from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.57.

American Axle & Manufacturing Trading Up 0.8%

NYSE DCH opened at $4.69 on Wednesday. The company has a market cap of $1.11 billion, a PE ratio of 4.89, a PEG ratio of 0.15 and a beta of 1.73. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 3.24. American Axle & Manufacturing has a 12 month low of $4.38 and a 12 month high of $9.25. The stock has a 50 day moving average of $5.35 and a 200-day moving average of $5.79.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. The firm had revenue of $2.91 billion during the quarter. American Axle & Manufacturing had a negative net margin of 2.28% and a positive return on equity of 15.93%. On average, equities research analysts anticipate that American Axle & Manufacturing will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in American Axle & Manufacturing stock. Hantz Financial Services Inc. increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) by 139.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,847 shares of the company’s stock after acquiring an additional 6,903 shares during the quarter. Hantz Financial Services Inc.’s holdings in American Axle & Manufacturing were worth $62,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing (AAM) designs and manufactures driveline and metal-forming products for the automotive and mobility industries. Its products include axles, driveshafts, differentials, transfer cases, electric-drive systems and related components used in a range of vehicles. Founded in 1994 from former General Motors axle and foundry operations, AAM is headquartered in Detroit, Michigan, and serves automakers and other customers through operations in North America, South America, Europe and Asia.