American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $11.00 at Royal Bank Of Canada

American Axle & Manufacturing (NYSE:DCH) had its price objective increased by stock analysts at Royal Bank Of Canada from $10.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 114.63% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group cut their price target on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price objective on the stock. Wall Street Zen lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stifel Nicolaus upped their price target on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of American Axle & Manufacturing in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.57.

American Axle & Manufacturing Trading Down 0.1%

DCH traded down $0.01 during trading on Monday, hitting $5.12. The company’s stock had a trading volume of 639,172 shares, compared to its average volume of 5,516,799. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -6.74, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60. American Axle & Manufacturing has a twelve month low of $4.26 and a twelve month high of $9.25. The business’s fifty day moving average price is $6.04. The company has a quick ratio of 1.04, a current ratio of 1.40 and a debt-to-equity ratio of 3.43.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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%.The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. As a group, equities research analysts forecast that American Axle & Manufacturing will post 0.78 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.