Stifel Nicolaus Issues Pessimistic Forecast for American Axle & Manufacturing (NYSE:DCH) Stock Price

American Axle & Manufacturing (NYSE:DCH) had its target price lowered by investment analysts at Stifel Nicolaus from $7.00 to $6.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 8.50% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. JPMorgan Chase & Co. began coverage on American Axle & Manufacturing in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price target on the stock. Finally, Barclays started coverage on American Axle & Manufacturing in a report on Monday, June 22nd. They issued an “equal weight” rating and a $8.00 price target on the stock. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.43.

American Axle & Manufacturing Stock Performance

Shares of DCH opened at $5.53 on Monday. The company has a 50 day simple moving average of $5.94. American Axle & Manufacturing has a 52-week low of $4.26 and a 52-week high of $9.25. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -7.28, a PEG ratio of 0.23 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The firm had revenue of $2.38 billion for the quarter. The business’s quarterly revenue was up 68.6% on a year-over-year basis. Equities research analysts predict that American Axle & Manufacturing will post 0.78 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.