American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Given Average Recommendation of “Hold” by Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.1429.

A number of research firms recently commented on DCH. TD Cowen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $8.00 to $10.00 in a research note on Tuesday, September 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Friday, September 4th. 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 note on Monday, August 17th. UBS Group dropped their price objective on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th.

American Axle & Manufacturing Price Performance

NYSE DCH opened at $5.88 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of -5.45, a PEG ratio of 0.20 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. American Axle & Manufacturing has a fifty-two week low of $4.91 and a fifty-two week high of $9.25. The business’s fifty day simple moving average is $6.16.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.96 billion for the quarter. As a group, sell-side analysts expect that American Axle & Manufacturing will post 0.96 earnings per share for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle’s engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.