American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $9.00

American Axle & Manufacturing (NYSE:DCH) had its price target boosted by Barclays from $8.00 to $9.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently commented on DCH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Stifel Nicolaus upped their price target on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, August 10th. UBS Group reduced their price objective on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada raised their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price objective for the company. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.71.

American Axle & Manufacturing Stock Performance

Shares of DCH stock opened at $6.59 on Monday. 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 has a one year low of $4.91 and a one year high of $9.25. The stock’s 50-day moving average is $5.82. The company has a market capitalization of $1.57 billion, a PE ratio of -6.11, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. As a group, research analysts forecast that American Axle & Manufacturing will post 0.96 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.