American Axle & Manufacturing (NYSE:DCH) Upgraded at TD Cowen

TD Cowen upgraded shares of American Axle & Manufacturing (NYSE:DCH) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has $10.00 price objective on the stock, up from their prior price objective of $8.00.

DCH has been the subject of several other research reports. Wall Street Zen downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Monday, August 10th. Royal Bank Of Canada raised 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. Stifel Nicolaus lifted their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.14.

American Axle & Manufacturing Stock Performance

Shares of NYSE:DCH opened at $6.54 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. American Axle & Manufacturing has a 52-week low of $4.91 and a 52-week high of $9.25. The business has a 50 day moving average price of $6.04. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -6.06, a P/E/G ratio of 0.23 and a beta of 1.63.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, beating 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. On average, equities analysts forecast that American Axle & Manufacturing will post 0.96 earnings per share for the current fiscal 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.