American Axle & Manufacturing's (DCH) "Buy" Rating Reiterated at BWS Financial

Key Points

• BWS Financial reiterated its “Buy” rating on American Axle & Manufacturing and set a $17 price target, implying 167.59% upside from the stock’s $6.35 price.
• Analyst opinion remains mixed: three firms rate the stock Buy, five Hold and one Sell, producing a consensus “Hold” rating and average target of $9.57.
• American Axle exceeded quarterly earnings expectations, reporting $0.32 EPS versus the $0.14 consensus on $2.96 billion in revenue; analysts project $0.78 EPS for the full year.

American Axle & Manufacturing (NYSE:DCH - Get Free Report)'s stock had its "buy" rating restated by BWS Financial in a report released on Monday,Benzinga reports. They presently have a $17.00 price objective on the stock. BWS Financial's target price suggests a potential upside of 167.59% from the company's current price.

A number of other equities research analysts have also issued reports on DCH. Stifel Nicolaus upped their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a "hold" rating in a report on Monday. Royal Bank Of Canada increased their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. TD Cowen reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. began coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a "neutral" rating and a $8.00 target price on the stock. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and a consensus target price of $9.57.

American Axle & Manufacturing Stock Performance

NYSE DCH opened at $6.35 on Monday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02. The stock's fifty day moving average is $5.77. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -5.88, a P/E/G ratio of 0.27 and a beta of 1.60. American Axle & Manufacturing has a fifty-two week low of $4.47 and a fifty-two week high of $9.25.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%.The business had revenue of $2.96 billion during the quarter. As a group, sell-side analysts forecast that American Axle & Manufacturing will post 0.78 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.

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