Barclays Has Lowered Expectations for American Axle & Manufacturing (NYSE:DCH) Stock Price

Key Points

• Barclays cut its price target on American Axle & Manufacturing from $8 to $6, maintaining an “equal weight” rating. The new target implies 34.08% upside from the stock’s $4.47 price.
• Analyst views are mixed: the consensus rating is “Hold,” with an average price target of $8.57; four analysts rate the stock Buy, five Hold, and two Sell.
• American Axle reported quarterly earnings of $0.22 per share, beating the $0.14 consensus estimate, on revenue of $2.91 billion.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its price objective lowered by analysts at Barclays from $8.00 to $6.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 34.08% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus dropped their target price on shares of American Axle & Manufacturing from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday. TD Cowen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating and lifted their price target for the company from $8.00 to $10.00 in a report on Tuesday, September 8th. Bank of America cut shares of American Axle & Manufacturing from a "buy" rating to an "underperform" rating and set a $5.00 price objective for the company. in a research report on Thursday, October 15th. Jefferies Financial Group cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $8.25 to $7.10 in a research report on Wednesday, September 23rd. Finally, UBS Group dropped 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 research note on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8.57.

American Axle & Manufacturing Price Performance

Shares of American Axle & Manufacturing stock traded up $0.03 during trading on Wednesday, reaching $4.47. 845,754 shares of the company's stock were exchanged, compared to its average volume of 4,825,072. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.01 and a current ratio of 1.39. American Axle & Manufacturing has a 1-year low of $4.38 and a 1-year high of $9.25. The company has a market cap of $1.06 billion, a P/E ratio of -3.34, a PEG ratio of 0.15 and a beta of 1.73. The firm's 50-day moving average price is $5.46 and its 200 day moving average price is $5.81.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. American Axle & Manufacturing had a positive return on equity of 15.93% and a negative net margin of 2.28%. The business had revenue of $2.91 billion for the quarter. As a group, research analysts anticipate that American Axle & Manufacturing will post 0.90 earnings per share 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. increased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Free Report) by 139.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,847 shares of the company's stock after buying an additional 6,903 shares during the period. Hantz Financial Services Inc.'s holdings in American Axle & Manufacturing were worth $62,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Company Profile

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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