American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Stock Has Consensus Target Price of $9.64 According to Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.51.

Several equities analysts have issued reports on the stock. Stifel Nicolaus increased 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. BWS Financial restated a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research report on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price target on the stock. Royal Bank Of Canada lifted their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th.

American Axle & Manufacturing Trading Down 5.5%

Shares of NYSE:DCH opened at $5.20 on Thursday. American Axle & Manufacturing has a 1 year low of $4.91 and a 1 year high of $9.25. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.19 and a beta of 1.69. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02. The business’s 50 day moving average price is $6.15 and its 200-day moving average price is $5.99.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. The firm had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. On average, equities research analysts forecast that American Axle & Manufacturing will post 0.94 earnings per share for the current fiscal year.

About American Axle & Manufacturing

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.