American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Stock Has Average Target Price of $8.90 According to Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.90.

A number of equities research analysts have issued reports on DCH shares. Bank of America cut shares of American Axle & Manufacturing from a “buy” rating to an “underperform” rating and set a $5.00 target price on the stock. in a report on Thursday, October 15th. BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of American Axle & Manufacturing in a report on Monday, August 10th. TD Cowen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.00 to $10.00 in a research report on Tuesday, September 8th. UBS Group reduced their price target on American Axle & Manufacturing from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Jefferies Financial Group lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.25 to $7.10 in a research note on Wednesday, September 23rd.

American Axle & Manufacturing Stock Performance

NYSE DCH opened at $4.78 on Monday. The company’s 50 day moving average is $5.61 and its 200-day moving average is $5.84. American Axle & Manufacturing has a 12-month low of $4.43 and a 12-month high of $9.25. 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 $1.14 billion, a P/E ratio of 5.09, a price-to-earnings-growth ratio of 0.15 and a beta of 1.73.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 during the quarter. Sell-side analysts predict that American Axle & Manufacturing will post 0.89 earnings per share for the current 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.