American Axle & Manufacturing (NYSE:DCH) Price Target Raised to $9.00

Key Points

• Barclays raised American Axle & Manufacturing’s price target from $8.00 to $9.00 while maintaining an “equal weight” rating, implying 32.18% upside from the prior close.
• Analyst sentiment remains mixed, with three Buy, five Hold and one Sell rating; the consensus rating is “Hold” with an average price target of $9.71.
• The company beat quarterly earnings expectations, reporting $0.32 EPS versus the $0.14 consensus on $2.96 billion in revenue, though it continues to post a negative net margin and carries a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its price objective lifted by research analysts at Barclays from $8.00 to $9.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 32.18% from the company's previous close.

Several other analysts have also issued reports on the company. Royal Bank Of Canada upped their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Stifel Nicolaus lifted their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a "hold" rating in a research note on Monday, August 10th. Weiss Ratings reissued a "sell (d)" rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. UBS Group dropped their price target on American Axle & Manufacturing from $9.50 to $9.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $9.71.

American Axle & Manufacturing Price Performance

DCH stock opened at $6.81 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $1.62 billion, a PE ratio of -6.24, a P/E/G ratio of 0.24 and a beta of 1.60. American Axle & Manufacturing has a fifty-two week low of $4.91 and a fifty-two week high of $9.25. The stock's 50-day moving average price is $5.80.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.96 billion for the quarter. Equities analysts expect that American Axle & Manufacturing will post 0.93 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.