American Axle & Manufacturing (NYSE:DCH) Given New $8.00 Price Target at Barclays

American Axle & Manufacturing (NYSE:DCH) had its price target cut by analysts at Barclays from $9.00 to $8.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 41.47% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada raised their target price on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Stifel Nicolaus boosted their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price on the stock. BWS Financial reiterated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.51.

American Axle & Manufacturing Stock Down 0.6%

Shares of NYSE:DCH traded down $0.04 during midday trading on Friday, reaching $5.66. The company had a trading volume of 154,765 shares, compared to its average volume of 4,813,618. American Axle & Manufacturing has a 1-year low of $4.91 and a 1-year high of $9.25. The stock has a market cap of $1.34 billion, a PE ratio of -5.24, a P/E/G ratio of 0.20 and a beta of 1.69. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The business’s 50 day moving average price is $6.18 and its 200 day moving average price is $6.00.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%.The firm had revenue of $2.96 billion during the quarter. Research analysts forecast that American Axle & Manufacturing will post 0.94 EPS for the current fiscal year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.