American Axle & Manufacturing (NYSE:DCH) Stock Price Target Cut by Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered its price target for American Axle & Manufacturing from $6 to $5 and maintained a “hold” rating; the new target implies 8.11% upside from the stock’s current price.
• Analyst views are mixed, but the consensus is “hold”: four analysts rate the stock “buy,” five “hold,” and two “sell,” with an average price target of $8.79.
• The company reported quarterly EPS of $0.22, beating the $0.14 consensus estimate, and revenue of $2.91 billion.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its price target cut by research analysts at Stifel Nicolaus from $6.00 to $5.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus's target price would indicate a potential upside of 8.11% from the stock's current price.

Several other equities analysts also recently issued reports on DCH. Weiss Ratings reiterated a "sell (d)" rating on shares of American Axle & Manufacturing in a research report on Friday, September 4th. UBS Group cut their price objective on shares of American Axle & Manufacturing from $9.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. BWS Financial restated a "buy" rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Royal Bank Of Canada raised 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. Finally, Jefferies Financial Group cut American Axle & Manufacturing from a "buy" rating to a "hold" rating and reduced their price target for the stock from $8.25 to $7.10 in a report on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $8.79.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $4.62 on Tuesday. American Axle & Manufacturing has a 52-week low of $4.41 and a 52-week high of $9.25. The firm has a fifty day moving average of $5.50 and a 200-day moving average of $5.82. 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 $1.10 billion, a P/E ratio of -3.45, a PEG ratio of 0.16 and a beta of 1.73.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The business had revenue of $2.91 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. As a group, analysts predict that American Axle & Manufacturing will post 0.89 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

A hedge fund recently raised its stake in American Axle & Manufacturing stock. Hantz Financial Services Inc. raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Free Report) by 139.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,847 shares of the company's stock after acquiring an additional 6,903 shares during the quarter. Hantz Financial Services Inc.'s holdings in American Axle & Manufacturing were worth $62,000 at the end of the most recent quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

About American Axle & Manufacturing

American Axle & Manufacturing (AAM) designs and manufactures driveline and metal-forming products for the automotive and mobility industries. Its products include axles, driveshafts, differentials, transfer cases, electric-drive systems and related components used in a range of vehicles.

Founded in 1994 from former General Motors axle and foundry operations, AAM is headquartered in Detroit, Michigan, and serves automakers and other customers through operations in North America, South America, Europe and Asia.

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