American Axle & Manufacturing (NYSE:DCH) Stock Rating Upgraded by Wall Street Zen

American Axle & Manufacturing (NYSE:DCH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other equities research analysts also recently issued reports on DCH. TD Cowen cut their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, April 15th. Weiss Ratings initiated coverage on shares of American Axle & Manufacturing in a research note on Wednesday, March 11th. They set a "sell (d)" rating on the stock. BWS Financial restated a "buy" rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of American Axle & Manufacturing from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.00.

American Axle & Manufacturing Trading Up 14.6%

DCH stock opened at $6.63 on Friday. American Axle & Manufacturing has a 12-month low of $3.94 and a 12-month high of $9.25. The company has a debt-to-equity ratio of 6.31, a current ratio of 2.95 and a quick ratio of 2.57. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -36.80, a P/E/G ratio of 0.63 and a beta of 1.52.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 0.34% and a positive return on equity of 10.00%. The company had revenue of $2.38 billion during the quarter. The company's revenue for the quarter was up 68.6% on a year-over-year basis. Equities research analysts expect that American Axle & Manufacturing will post 0.43 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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