American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Stock Has Average Target Price of $9.64

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has been given an average recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.51.

A number of equities research analysts have recently issued reports on DCH shares. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. Stifel Nicolaus boosted their price target 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. Jefferies Financial Group lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.25 to $7.10 in a report on Wednesday, September 23rd. JPMorgan Chase & Co. began coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 price objective on the stock. Finally, Royal Bank Of Canada upped their target price on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th.

American Axle & Manufacturing Trading Up 0.1%

Shares of DCH stock opened at $5.70 on Thursday. 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 firm has a market cap of $1.35 billion, a P/E ratio of -5.27, a PEG ratio of 0.20 and a beta of 1.69. The company has a 50 day moving average of $6.18 and a 200-day moving average of $6.00. American Axle & Manufacturing has a 12-month low of $4.91 and a 12-month high of $9.25.

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

American Axle & Manufacturing Company Profile

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.