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

American Axle & Manufacturing (NYSE:DCH) had its price target lowered by Barclays from $9.00 to $8.00 in a report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also issued reports on DCH. TD Cowen upgraded 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 report on Tuesday, September 8th. Jefferies Financial Group cut American Axle & Manufacturing from a “buy” rating to a “hold” rating and lowered their price target for the company from $8.25 to $7.10 in a research note on Wednesday, September 23rd. Stifel Nicolaus increased their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. Finally, UBS Group decreased their price objective 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. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.51.

American Axle & Manufacturing Stock Up 0.4%

Shares of American Axle & Manufacturing stock opened at $5.70 on Friday. 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 12 month low of $4.91 and a 12 month high of $9.25. The business has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $6.00. The stock has a market cap of $1.35 billion, a PE ratio of -5.27, a price-to-earnings-growth ratio of 0.20 and a beta of 1.69.

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 analysts’ consensus estimates 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 business had revenue of $2.96 billion during the quarter. Research analysts predict that American Axle & Manufacturing will post 0.94 EPS 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. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.