American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Given Consensus Recommendation of “Hold” by Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.25.

Several analysts recently issued reports on the company. Wall Street Zen lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. TD Cowen cut their target price on American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. BWS Financial restated a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, April 21st. Weiss Ratings initiated coverage on American Axle & Manufacturing in a report on Wednesday, March 11th. They set a “sell (d)” rating on the stock. Finally, Royal Bank Of Canada raised their target price on American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 11th.

American Axle & Manufacturing Trading Up 2.4%

Shares of NYSE:DCH opened at $6.63 on Friday. 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 1 year low of $3.94 and a 1 year high of $9.25. The stock’s fifty day moving average price is $6.09. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -8.72, a price-to-earnings-growth ratio of 0.27 and a beta of 1.57.

American Axle & Manufacturing (NYSE:DCH) last announced 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. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The business had revenue of $2.38 billion during the quarter. The company’s revenue for the quarter was up 68.6% compared to the same quarter last year. On average, sell-side analysts forecast that American Axle & Manufacturing will post 0.77 EPS for the current year.

About American Axle & Manufacturing

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.