American Axle & Manufacturing (NYSE:DCH) Given Neutral Rating at JPMorgan Chase & Co.

American Axle & Manufacturing (NYSE:DCH)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday,Benzinga reports. They presently have a $8.00 price objective on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 45.32% from the stock’s current price.

A number of other analysts have also recently weighed in on DCH. Barclays started coverage on shares of American Axle & Manufacturing in a report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 target price on the stock. Royal Bank Of Canada boosted their price objective on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus increased their price objective on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued 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 $9.50.

American Axle & Manufacturing Stock Up 7.3%

NYSE:DCH opened at $5.50 on Tuesday. The company has a market cap of $1.31 billion, a P/E ratio of 6.58, a PEG ratio of 0.22 and a beta of 1.60. The business’s 50 day moving average price is $6.10. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43. American Axle & Manufacturing has a 52 week low of $4.26 and a 52 week high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.38. The business had revenue of $2.38 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.American Axle & Manufacturing’s quarterly revenue was up 68.6% on a year-over-year basis. As a group, sell-side analysts expect that American Axle & Manufacturing will post 0.77 EPS 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.