American Axle & Manufacturing (NYSE:DCH) Shares Up 9.3% – Should You Buy?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) traded up 9.3% on Friday . The company traded as high as $6.97 and last traded at $6.95. 1,998,466 shares traded hands during trading, a decline of 61% from the average session volume of 5,074,713 shares. The stock had previously closed at $6.36.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DCH shares. Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. initiated coverage on American Axle & Manufacturing in a report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 target price on the stock. BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. UBS Group cut their price target on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Barclays upped their price target on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.71.

American Axle & Manufacturing Stock Performance

The firm has a 50-day moving average of $5.84. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. The firm has a market cap of $1.63 billion, a P/E ratio of -6.37, a price-to-earnings-growth ratio of 0.24 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last released its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The firm had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. As a group, equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.96 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.