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

Key Points

• Stifel Nicolaus cut American Axle & Manufacturing’s price target from $7.00 to $6.00 and maintained a “hold” rating, implying roughly 23.84% upside from the stock’s $4.84 price.
• Analyst sentiment remains mixed but averages to “Hold,” with a consensus price target of $8.90; four analysts rate the stock a Buy, five a Hold, and two a Sell.
• American Axle reported quarterly earnings of $0.32 per share, beating the $0.14 consensus estimate, on $2.96 billion in revenue. However, the company carries substantial leverage, with a debt-to-equity ratio of 3.32 and a negative net margin.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its target price cut by analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 23.84% from the company's current price.

Several other research analysts also recently commented on the company. Barclays lowered their target price on American Axle & Manufacturing from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Friday, October 9th. Jefferies Financial Group downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating and reduced their price target for the company from $8.25 to $7.10 in a research note on Wednesday, September 23rd. Royal Bank Of Canada lifted their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They set a "neutral" rating and a $8.00 price target on the stock. Finally, TD Cowen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating and upped their price objective for the stock from $8.00 to $10.00 in a research report on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8.90.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $4.84 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40. American Axle & Manufacturing has a 52 week low of $4.78 and a 52 week high of $9.25. The stock has a market capitalization of $1.15 billion, a P/E ratio of -4.49, a price-to-earnings-growth ratio of 0.17 and a beta of 1.69. The stock has a fifty day moving average of $6.11 and a 200-day moving average of $5.98.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last announced 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 positive return on equity of 15.94% and a negative net margin of 2.01%. On average, sell-side analysts expect that American Axle & Manufacturing will post 0.92 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. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company's product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.

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