American Axle & Manufacturing (NYSE:DCH) Rating Lowered to “Underperform” at Bank of America

American Axle & Manufacturing (NYSE:DCH) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $5.00 price objective on the stock. Bank of America‘s price objective would suggest a potential downside of 3.83% from the stock’s previous close.

DCH has been the topic of a number of other research reports. JPMorgan Chase & Co. assumed coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price on the stock. Barclays lowered their target price on American Axle & Manufacturing from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. UBS Group dropped their price target on American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Stifel Nicolaus raised their price target on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Finally, TD Cowen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $10.00 in a report on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.01.

American Axle & Manufacturing Price Performance

DCH opened at $5.20 on Thursday. The company has a fifty day simple moving average of $6.15 and a 200 day simple moving average of $5.99. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.19 and a beta of 1.69. American Axle & Manufacturing has a twelve month low of $4.91 and a twelve month high of $9.25. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The business had revenue of $2.96 billion during the quarter. Equities research analysts expect that American Axle & Manufacturing will post 0.94 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.