American Axle & Manufacturing (NYSE:DCH) Hits New 52-Week Low Following Analyst Downgrade

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price reached a new 52-week low on Thursday after Bank of America downgraded the stock from a buy rating to an underperform rating. Bank of America now has a $5.00 price target on the stock. American Axle & Manufacturing traded as low as $4.78 and last traded at $4.9950, with a volume of 711,321 shares traded. The stock had previously closed at $5.19.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus lifted 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. UBS Group cut their price objective on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Jefferies Financial Group cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and cut their price objective for the stock from $8.25 to $7.10 in a report on Wednesday, September 23rd. Barclays decreased their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Finally, BWS Financial reiterated a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and an average target price of $9.01.

American Axle & Manufacturing Stock Performance

The stock has a market capitalization of $1.18 billion, a PE ratio of -4.58, a PEG ratio of 0.19 and a beta of 1.69. The business has a 50 day moving average price of $6.15 and a 200 day moving average price of $5.99. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.18. The firm had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. As a group, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.94 earnings per share for the current 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.