American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• American Axle & Manufacturing has a consensus “Hold” rating from nine brokerages: four buy ratings, four holds, and one sell. The average 12-month price target is $10.14, compared with shares opening at $6.50.
• Analyst views have recently shifted, with TD Cowen upgrading the stock to “Buy” and RBC raising its target to $11, while Weiss Ratings reaffirmed a sell rating.
• The company exceeded quarterly earnings expectations, reporting $0.32 in EPS versus the $0.14 consensus estimate, on revenue of $2.96 billion; analysts project $0.96 in full-year EPS.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.1429.

A number of equities research analysts recently weighed in on DCH shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of American Axle & Manufacturing in a research note on Friday, September 4th. Stifel Nicolaus increased their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Monday, August 10th. JPMorgan Chase & Co. began 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 on the stock. TD Cowen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating and raised their price objective for the company from $8.00 to $10.00 in a research report on Tuesday, September 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, July 13th.

American Axle & Manufacturing Stock Down 1.0%

Shares of NYSE DCH opened at $6.50 on Friday. The business has a 50-day simple moving average of $6.07. American Axle & Manufacturing has a twelve month low of $4.91 and a twelve month high of $9.25. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -6.01, a P/E/G ratio of 0.22 and a beta of 1.63. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.96 billion during the quarter. As a group, research analysts anticipate that American Axle & Manufacturing will post 0.96 EPS for the current fiscal year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle's engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.

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