Stifel Nicolaus Cuts American Axle & Manufacturing (NYSE:DCH) Price Target to $6.00

American Axle & Manufacturing (NYSE:DCH) had its target price lowered by Stifel Nicolaus from $7.00 to $6.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also recently weighed in on DCH. Barclays assumed coverage on American Axle & Manufacturing in a research report on Monday, June 22nd. They issued an “equal weight” rating and a $8.00 price target on the stock. JPMorgan Chase & Co. began coverage on American Axle & Manufacturing in a report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Monday, June 8th. BWS Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Thursday, June 25th. Finally, Royal Bank Of Canada upped their target price on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.43.

American Axle & Manufacturing Trading Up 3.0%

NYSE DCH opened at $5.69 on Monday. 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 firm’s 50 day moving average is $5.92. The firm has a market capitalization of $1.35 billion, a P/E ratio of -7.48, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60. American Axle & Manufacturing has a 1-year low of $4.26 and a 1-year high of $9.25.

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, topping analysts’ consensus estimates of ($0.04) by $0.38. The business had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.American Axle & Manufacturing’s revenue was up 68.6% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing will post 0.78 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.