American Axle & Manufacturing Holdings, Inc. (DCH) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on American Axle & Manufacturing, with two sell, five hold and four buy recommendations. The average 12-month price target is $8.90.
• Recent analyst views were mixed: TD Cowen upgraded the stock to “Buy” with a $10 target, while Barclays, Jefferies and Bank of America lowered their ratings or targets; Bank of America set the lowest target at $5.
• Shares opened at $4.76, near the company’s one-year low of $4.43 and below its 50-day and 200-day moving averages. The company beat quarterly EPS estimates, reporting $0.32 versus the $0.14 consensus, on $2.96 billion in revenue.

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Get Free Report) has been given an average rating of "Hold" by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.90.

Several research analysts recently issued reports on the company. Barclays cut their target price on American Axle & Manufacturing from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Friday, October 9th. TD Cowen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $8.00 to $10.00 in a report on Tuesday, September 8th. UBS Group lowered 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 report on Wednesday, October 7th. Jefferies Financial Group downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $8.25 to $7.10 in a research note on Wednesday, September 23rd. Finally, Bank of America cut American Axle & Manufacturing from a "buy" rating to an "underperform" rating and set a $5.00 price target for the company. in a research report on Thursday, October 15th.

American Axle & Manufacturing Trading Down 0.4%

Shares of DCH opened at $4.76 on Monday. The stock has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $5.87. 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 1 year low of $4.43 and a 1 year high of $9.25. The stock has a market cap of $1.13 billion, a PE ratio of -4.41, 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 data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.96 billion during the quarter. On average, sell-side analysts predict that American Axle & Manufacturing will post 0.89 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc NYSE: DCH designs, engineers and manufactures driveline and metal-forming systems for the global automotive industry. Its products include axles, driveshafts, differentials, transfer cases, electric drive units and other components used in light trucks, SUVs, passenger cars and commercial vehicles.

The company also produces forged, cast and machined metal components, as well as chassis and powertrain parts. American Axle supplies original equipment manufacturers and serves vehicle programs across North America, South America, Europe and Asia.

American Axle was established in 1994 when it acquired several driveline manufacturing operations from General Motors.

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