American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts collectively rate American Axle & Manufacturing “Hold.” Of nine analysts, five recommend holding, three recommend buying and one recommends selling; the average 12-month price target is $9.71.
• The stock opened at $6.50, with a 52-week range of $4.91 to $9.25 and a market capitalization of approximately $1.55 billion. Its debt-to-equity ratio remains elevated at 3.32.
• American Axle reported quarterly EPS of $0.32, exceeding the $0.14 consensus estimate, on revenue of $2.96 billion. Analysts expect full-year EPS of approximately $0.93.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Get Free Report) have been assigned an average rating of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.7143.

Several research analysts have recently issued reports on DCH shares. Wall Street Zen cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Weiss Ratings restated a "sell (d)" rating on shares of American Axle & Manufacturing in a research note on Monday, June 8th. BWS Financial reaffirmed a "buy" rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Monday, August 10th. JPMorgan Chase & Co. began coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They set a "neutral" rating and a $8.00 target price on the stock. Finally, Barclays boosted their target price on American Axle & Manufacturing from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday.

American Axle & Manufacturing Stock Down 4.3%

NYSE:DCH opened at $6.50 on Wednesday. The stock's fifty day moving average price is $5.81. American Axle & Manufacturing has a 52 week low of $4.91 and a 52 week high of $9.25. The firm has a market capitalization of $1.55 billion, a PE ratio of -6.02, a price-to-earnings-growth ratio of 0.24 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, beating 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. On average, sell-side analysts expect that American Axle & Manufacturing will post 0.93 EPS for the current fiscal 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.

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