American Axle & Manufacturing (NYSE:DCH) Shares Down 7.3% – Here’s What Happened

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) fell 7.3% during trading on Tuesday . The stock traded as low as $5.75 and last traded at $5.7450. 2,233,721 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 6,057,651 shares. The stock had previously closed at $6.20.

Analyst Upgrades and Downgrades

Several brokerages have commented on DCH. Weiss Ratings began coverage on shares of American Axle & Manufacturing in a research report on Wednesday, March 11th. They issued a “sell (d)” rating on the stock. TD Cowen lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Stifel Nicolaus lifted their price objective 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, May 11th. BWS Financial reaffirmed a “buy” rating and issued a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, April 21st. Finally, Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.25.

American Axle & Manufacturing Price Performance

The firm has a market cap of $1.36 billion, a PE ratio of -7.55, a PEG ratio of 0.30 and a beta of 1.52. 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 firm has a 50 day moving average price of $5.89.

American Axle & Manufacturing (NYSE:DCH) last posted its earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.38. The firm 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 company’s revenue for the quarter was up 68.6% compared to the same quarter last year. Analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.7 earnings per share 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.