Jefferies Financial Group Initiates Coverage on American Axle & Manufacturing (NYSE:DCH)

Research analysts at Jefferies Financial Group started coverage on shares of American Axle & Manufacturing (NYSE:DCHGet Free Report) in a report released on Thursday. The brokerage set a “buy” rating and a $10.35 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 45.16% from the company’s previous close.

A number of other equities analysts have also commented on DCH. Zacks Research lowered American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Weiss Ratings initiated coverage on American Axle & Manufacturing in a report on Thursday, February 5th. They issued a “hold (c-)” rating on the stock. Royal Bank Of Canada cut their price target on American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, BWS Financial reissued a “buy” rating and issued a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.45.

View Our Latest Stock Report on American Axle & Manufacturing

American Axle & Manufacturing Price Performance

NYSE:DCH opened at $7.13 on Thursday. The company has a debt-to-equity ratio of 6.31, a quick ratio of 1.43 and a current ratio of 2.95. American Axle & Manufacturing has a 12 month low of $3.00 and a 12 month high of $9.25. The company has a market capitalization of $846.30 million, a PE ratio of -39.61 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCHGet Free Report) last posted its earnings results on Friday, February 13th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $1.38 billion for the quarter. American Axle & Manufacturing had a negative net margin of 0.34% and a positive return on equity of 10.00%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share.

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About American Axle & Manufacturing

(Get Free Report)

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.

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Analyst Recommendations for American Axle & Manufacturing (NYSE:DCH)

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