American Axle & Manufacturing (NYSE:DCH) Hits New 1-Year Low – Should You Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.41 and last traded at $4.4150, with a volume of 4,158,664 shares traded. The stock had previously closed at $4.79.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DCH. Jefferies Financial Group lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating and reduced their target price for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. UBS Group lowered their price objective on 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. TD Cowen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $10.00 in a research note on Tuesday, September 8th. Finally, Bank of America lowered American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 target price on the stock. in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, American Axle & Manufacturing has an average rating of “Hold” and an average price target of $8.90.

American Axle & Manufacturing Price Performance

The firm’s 50-day moving average is $5.61 and its 200-day moving average is $5.84. The company has a market capitalization of $1.05 billion, a PE ratio of -4.09, a price-to-earnings-growth ratio of 0.15 and a beta of 1.73. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH) last released 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 business had revenue of $2.96 billion for the quarter. Equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: DCH) designs, engineers and manufactures driveline and metal-forming systems for the global automotive industry. Its products include axles, driveshafts, differentials, transfer cases, electric drive units and other components used in light trucks, SUVs, passenger cars and commercial vehicles.

The company also produces forged, cast and machined metal components, as well as chassis and powertrain parts. American Axle supplies original equipment manufacturers and serves vehicle programs across North America, South America, Europe and Asia.

American Axle was established in 1994 when it acquired several driveline manufacturing operations from General Motors.