American Axle & Manufacturing (NYSE:DCH) Hits New 52-Week Low – Here’s What Happened

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $4.59 and last traded at $4.8550, with a volume of 5,495,116 shares. The stock had previously closed at $4.75.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DCH. JPMorgan Chase & Co. started coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price target on the stock. Stifel Nicolaus decreased their price objective on American Axle & Manufacturing from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Monday. 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. Jefferies Financial Group lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating and dropped their target price for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.90.

American Axle & Manufacturing Stock Performance

The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $5.95. The stock has a market capitalization of $1.11 billion, a PE ratio of 5.46, a P/E/G ratio of 0.17 and a beta of 1.69. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02.

American Axle & Manufacturing (NYSE:DCH) last released its 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. The company 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%. Research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.89 EPS 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.