American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives $9.80 Average Price Target from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.50.

Several brokerages have commented on DCH. JPMorgan Chase & Co. started coverage on American Axle & Manufacturing in a research report on Tuesday. They issued a “neutral” rating and a $8.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Royal Bank Of Canada raised their price objective on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Barclays started coverage on shares of American Axle & Manufacturing in a research report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 target price on the stock. Finally, BWS Financial reiterated a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a research note on Thursday, June 25th.

American Axle & Manufacturing Trading Down 6.3%

NYSE DCH traded down $0.34 during trading on Tuesday, reaching $5.17. 653,071 shares of the company’s stock were exchanged, compared to its average volume of 5,597,230. American Axle & Manufacturing has a fifty-two week low of $4.26 and a fifty-two week high of $9.25. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.81, a PEG ratio of 0.22 and a beta of 1.60. The company has a quick ratio of 1.04, a current ratio of 1.40 and a debt-to-equity ratio of 3.43. The stock has a fifty day moving average price of $6.10.

American Axle & Manufacturing (NYSE:DCH) last issued its earnings results on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. The company had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. American Axle & Manufacturing’s quarterly revenue was up 68.6% on a year-over-year basis. Equities analysts forecast that American Axle & Manufacturing will post 0.77 EPS for the current fiscal year.

About American Axle & Manufacturing

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.