American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.80.

Several equities analysts have recently issued reports on DCH shares. Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Thursday, June 25th. Barclays began coverage on American Axle & Manufacturing in a research report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th.

American Axle & Manufacturing Trading Down 5.4%

Shares of NYSE DCH opened at $5.16 on Tuesday. 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 business’s 50 day simple moving average is $6.15. The firm has a market capitalization of $1.22 billion, a P/E ratio of -6.78, a PEG ratio of 0.23 and a beta of 1.57. American Axle & Manufacturing has a 12-month low of $3.94 and a 12-month high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share (EPS) 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 was up 68.6% compared to the same quarter last year. Sell-side analysts forecast that American Axle & Manufacturing will post 0.77 earnings per share for the current fiscal 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.