American Axle & Manufacturing (NYSE:DCH) Rating Lowered to "Hold" at Jefferies Financial Group

Key Points

• Jefferies downgraded American Axle & Manufacturing to “Hold” from “Buy”, while maintaining a $7.10 price target, implying approximately 20% upside from the stock’s $5.92 price.
• Analyst sentiment is mixed but averages to a “Hold” rating, with four Buys, five Holds, and one Sell; the average price target is $9.76.
• American Axle recently reported quarterly earnings of $0.32 per share, beating the $0.14 consensus estimate, on $2.96 billion in revenue, though the company continues to post a negative net margin.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) was downgraded by equities researchers at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $7.10 target price on the stock. Jefferies Financial Group's price target indicates a potential upside of 20.01% from the stock's current price.

Other analysts also recently issued research reports about the stock. Barclays upped their price target on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research note on Tuesday, July 7th. They issued a "neutral" rating and a $8.00 price objective on the stock. Weiss Ratings restated a "sell (d)" rating on shares of American Axle & Manufacturing in a research report on Friday, September 4th. BWS Financial restated a "buy" rating and set a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Finally, TD Cowen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating and raised their target price for the company from $8.00 to $10.00 in a report on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.76.

American Axle & Manufacturing Stock Performance

DCH opened at $5.92 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. American Axle & Manufacturing has a 52-week low of $4.91 and a 52-week high of $9.25. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -5.48, a P/E/G ratio of 0.20 and a beta of 1.63. The stock's fifty day moving average is $6.19.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.18. The business had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. On average, research analysts predict that American Axle & Manufacturing will post 0.96 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle's engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.

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