American Axle & Manufacturing (NYSE:DCH) Given New $7.00 Price Target at Stifel Nicolaus

American Axle & Manufacturing (NYSE:DCH) had its price target boosted by research analysts at Stifel Nicolaus from $6.70 to $7.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential downside of 1.20% from the stock’s previous close.

A number of other brokerages have also recently weighed in on DCH. Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings began coverage on shares of American Axle & Manufacturing in a research note on Wednesday, March 11th. They set a “sell (d)” rating for the company. TD Cowen decreased their target price on 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. Wall Street Zen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Finally, BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.33.

American Axle & Manufacturing Stock Up 6.7%

Shares of DCH opened at $7.09 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of -9.45, a P/E/G ratio of 0.72 and a beta of 1.52. The company has a debt-to-equity ratio of 6.31, a current ratio of 2.95 and a quick ratio of 2.57. American Axle & Manufacturing has a 52 week low of $3.94 and a 52 week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.38. American Axle & Manufacturing had a positive return on equity of 17.81% and a negative net margin of 1.87%.The company had revenue of $2.38 billion for the quarter. The company’s quarterly revenue was up 68.6% on a year-over-year basis. On average, research analysts anticipate that American Axle & Manufacturing will post 0.43 earnings per share 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.