American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives Average Recommendation of “Hold” from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.7143.

Several analysts have commented on the company. JPMorgan Chase & Co. started coverage on American Axle & Manufacturing in a research note on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. UBS Group decreased their price target on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Barclays lifted their price objective 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. Finally, Royal Bank Of Canada boosted their price objective on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 13th.

American Axle & Manufacturing Stock Performance

NYSE DCH opened at $6.50 on Wednesday. The company has a fifty day simple moving average of $5.81. American Axle & Manufacturing has a one year low of $4.91 and a one year high of $9.25. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -6.02, a PEG ratio of 0.24 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last announced 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 negative net margin of 2.01% and a positive return on equity of 15.94%. The business had revenue of $2.96 billion during the quarter. Research analysts predict that American Axle & Manufacturing will post 0.93 earnings per share for the current year.

American Axle & Manufacturing Company Profile

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.