American Axle & Manufacturing (NYSE:DCH) Stock Price Down 9.3% – Here’s What Happened

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price was down 9.3% on Monday . The company traded as low as $4.94 and last traded at $4.9450. Approximately 2,318,341 shares traded hands during trading, a decline of 59% from the average session volume of 5,617,005 shares. The stock had previously closed at $5.45.

Analyst Ratings Changes

DCH has been the subject of several research reports. TD Cowen reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Royal Bank Of Canada lifted their price objective on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of American Axle & Manufacturing in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus price target of $9.80.

American Axle & Manufacturing Trading Up 5.1%

The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04. The stock’s 50-day simple moving average is $6.14. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -7.12, a PEG ratio of 0.22 and a beta of 1.57.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.38. The firm had revenue of $2.38 billion for the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.77 EPS 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.