American Axle & Manufacturing’s (DCH) “Buy” Rating Reiterated at BWS Financial

American Axle & Manufacturing (NYSE:DCH)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a report released on Thursday,Benzinga reports. They currently have a $17.00 price target on the stock. BWS Financial’s price objective would indicate a potential upside of 192.85% from the stock’s previous close.

Several other brokerages have also recently commented on DCH. Royal Bank Of Canada boosted their price target on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stifel Nicolaus upped their target price on American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Finally, TD Cowen reduced their price target on American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.80.

American Axle & Manufacturing Trading Up 4.2%

Shares of NYSE DCH traded up $0.23 during midday trading on Thursday, reaching $5.80. The company’s stock had a trading volume of 1,766,551 shares, compared to its average volume of 5,589,117. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04. American Axle & Manufacturing has a fifty-two week low of $3.94 and a fifty-two week high of $9.25. The company has a market cap of $1.38 billion, a PE ratio of -7.65, a price-to-earnings-growth ratio of 0.24 and a beta of 1.57. The stock has a 50 day simple moving average of $6.18.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The business had revenue of $2.38 billion for the quarter. American Axle & Manufacturing’s revenue was up 68.6% compared to the same quarter last year. As a group, equities analysts anticipate that American Axle & Manufacturing will post 0.77 EPS for the current 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.