American Axle & Manufacturing (NYSE:DCH) Stock Price Up 9.3% - What's Next?

Key Points

• American Axle & Manufacturing shares jumped 9.3% to $6.95, although trading volume was about 61% below the average daily level.
• Analyst sentiment remains mixed, with three Buy ratings, five Holds and one Sell; the consensus rating is Hold with a $9.71 price target.
• The company exceeded quarterly earnings expectations, reporting $0.32 EPS versus the $0.14 consensus on $2.96 billion in revenue, while analysts forecast $0.96 EPS for the full year.

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Get Free Report)'s share price was up 9.3% on Friday . The stock traded as high as $6.97 and last traded at $6.95. Approximately 1,998,466 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 5,074,713 shares. The stock had previously closed at $6.36.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DCH shares. JPMorgan Chase & Co. assumed coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a "neutral" rating and a $8.00 target price on the stock. BWS Financial reaffirmed a "buy" rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th. Weiss Ratings reissued a "sell (d)" rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Barclays upped their price objective on American Axle & Manufacturing from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Royal Bank Of Canada lifted their target price 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. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $9.71.

American Axle & Manufacturing Stock Up 8.3%

The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. The company's fifty day moving average price is $5.83. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -6.38, a PEG ratio of 0.23 and a beta of 1.60.

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 during the quarter. As a group, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.96 earnings per share 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.

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