American Axle & Manufacturing (NYSE:DCH) Now Covered by Barclays

Equities research analysts at Barclays started coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a research report issued on Monday,Benzinga reports. The brokerage set an “equal weight” rating and a $8.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 26.88% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. BWS Financial reiterated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their price objective on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a 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 lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Zacks Research raised American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.80.

American Axle & Manufacturing Stock Down 0.1%

DCH stock opened at $6.30 on Monday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.04 and a current ratio of 1.40. The stock has a fifty day simple moving average of $6.19. American Axle & Manufacturing has a twelve month low of $3.94 and a twelve month high of $9.25. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -8.30, a price-to-earnings-growth ratio of 0.27 and a beta of 1.57.

American Axle & Manufacturing (NYSE:DCH) last released its earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.38. The business had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The company’s revenue for the quarter was up 68.6% compared to the same quarter last year. Research analysts expect 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.