Royal Bank Of Canada Forecasts Strong Price Appreciation for American Axle & Manufacturing (NYSE:DCH) Stock

American Axle & Manufacturing (NYSE:DCH) had its price target boosted by stock analysts at Royal Bank Of Canada from $9.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 43.78% from the company’s previous close.

Several other analysts have also recently issued reports on DCH. Wall Street Zen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research raised American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Weiss Ratings assumed coverage on American Axle & Manufacturing in a research note on Wednesday, March 11th. They issued a “sell (d)” rating on the stock. BWS Financial reissued a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, April 21st. Finally, TD Cowen cut their target price on American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

American Axle & Manufacturing Stock Up 4.7%

Shares of NYSE:DCH traded up $0.32 on Monday, reaching $6.96. 3,327,199 shares of the company traded hands, compared to its average volume of 6,095,677. American Axle & Manufacturing has a 52 week low of $3.94 and a 52 week high of $9.25. The stock has a market capitalization of $1.65 billion, a P/E ratio of -9.13, a price-to-earnings-growth ratio of 0.72 and a beta of 1.52. The company has a current ratio of 2.95, a quick ratio of 2.57 and a debt-to-equity ratio of 6.31.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings data 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 firm had revenue of $2.38 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 17.81% and a negative net margin of 1.87%.The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, equities analysts anticipate that American Axle & Manufacturing will post 0.43 earnings per share for the current 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.