American Axle & Manufacturing (NYSE:DCH) Stock Gets Price Target Reduction from Stifel Nicolaus

American Axle & Manufacturing (NYSE:DCH) had its target price reduced by Stifel Nicolaus from $6.00 to $5.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Jefferies Financial Group cut American Axle & Manufacturing from a “buy” rating to a “hold” rating and lowered their price target for the company from $8.25 to $7.10 in a research note on Wednesday, September 23rd. UBS Group cut their price target on shares of 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. Royal Bank Of Canada increased their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Bank of America lowered shares of American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $8.57.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock opened at $4.66 on Tuesday. The firm has a fifty day moving average of $5.39 and a two-hundred day moving average of $5.80. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.01 and a current ratio of 1.39. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 0.15 and a beta of 1.73. American Axle & Manufacturing has a 52 week low of $4.38 and a 52 week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. American Axle & Manufacturing had a positive return on equity of 15.93% and a negative net margin of 2.28%. The business had revenue of $2.91 billion for the quarter. As a group, equities research analysts predict that American Axle & Manufacturing will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in American Axle & Manufacturing stock. Hantz Financial Services Inc. grew its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) by 139.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,847 shares of the company’s stock after acquiring an additional 6,903 shares during the quarter. Hantz Financial Services Inc.’s holdings in American Axle & Manufacturing were worth $62,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing (AAM) designs and manufactures driveline and metal-forming products for the automotive and mobility industries. Its products include axles, driveshafts, differentials, transfer cases, electric-drive systems and related components used in a range of vehicles. Founded in 1994 from former General Motors axle and foundry operations, AAM is headquartered in Detroit, Michigan, and serves automakers and other customers through operations in North America, South America, Europe and Asia.