American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives $9.43 Consensus Target Price from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.4286.

DCH has been the topic of several analyst reports. UBS Group dropped their price target on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Stifel Nicolaus decreased their price objective on shares of American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating for the company in a report on Monday, July 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Barclays started coverage on shares of American Axle & Manufacturing in a research report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price target for the company.

American Axle & Manufacturing Stock Performance

Shares of NYSE DCH opened at $5.64 on Friday. The company has a market cap of $1.34 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.25 and a beta of 1.60. The firm has a 50 day moving average price of $5.84. American Axle & Manufacturing has a 52 week low of $4.26 and a 52 week high of $9.25. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.38. The firm had revenue of $2.38 billion for the quarter. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The firm’s revenue was up 68.6% compared to the same quarter last year. On average, analysts predict that American Axle & Manufacturing will post 0.78 EPS for the current year.

About American Axle & Manufacturing

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.