American Axle & Manufacturing (NYSE:DCH) Stock Rating Upgraded by TD Cowen

Key Points

• TD Cowen upgraded American Axle & Manufacturing from “hold” to “buy” and set a $10 price target, implying approximately 43% upside from the reported $6.98 share price.
• Analyst sentiment remains mixed, with four Buy, four Hold, and one Sell rating; the consensus rating is “Hold” with an average target price of $10.14.
• The company recently reported quarterly EPS of $0.32, beating the $0.14 consensus estimate, on revenue of $2.96 billion. Shares have traded between $4.91 and $9.25 over the past year.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a research report issued on Tuesday, Marketbeat reports. The firm currently has a $10.00 target price on the stock. TD Cowen's price objective points to a potential upside of 43.27% from the stock's current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of American Axle & Manufacturing in a research report on Friday. Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. 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. JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a "neutral" rating and a $8.00 price target for the company. Finally, Barclays boosted their price objective on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of "Hold" and a consensus target price of $10.14.

American Axle & Manufacturing Stock Performance

Shares of DCH opened at $6.98 on Tuesday. 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 has a market cap of $1.66 billion, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 0.24 and a beta of 1.63. The company has a fifty day simple moving average of $5.95. American Axle & Manufacturing has a 52-week low of $4.91 and a 52-week high of $9.25.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.96 billion for the quarter. As a group, research analysts predict that American Axle & Manufacturing will post 0.96 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

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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