American Axle & Manufacturing (NYSE:DCH) Hits New 52-Week Low Following Analyst Downgrade

Key Points

• American Axle & Manufacturing fell to a new 52-week low of $4.78 after Bank of America downgraded the stock from “buy” to “underperform” and assigned a $5.00 price target.
• Analyst sentiment is mixed but leans cautious: the stock has a consensus “hold” rating and an average price target of $9.01, with four buys, five holds, and two sells.
• The company exceeded quarterly earnings expectations, reporting $0.32 in earnings per share versus a $0.14 consensus estimate on $2.96 billion in revenue, although it continues to have a negative net margin.

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH - Get Free Report) hit a new 52-week low during trading on Thursday after Bank of America downgraded the stock from a buy rating to an underperform rating. Bank of America now has a $5.00 price target on the stock. American Axle & Manufacturing traded as low as $4.78 and last traded at $4.9950, with a volume of 711,321 shares. The stock had previously closed at $5.19.

A number of other equities analysts also recently commented on the company. Stifel Nicolaus upped their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a "hold" rating in a report on Monday, August 10th. UBS Group dropped their price target on 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. Jefferies Financial Group cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating and cut their price target for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. Barclays reduced their price objective on shares of 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. Finally, Royal Bank Of Canada boosted their price objective on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of "Hold" and an average target price of $9.01.

American Axle & Manufacturing Price Performance

The stock has a market cap of $1.18 billion, a PE ratio of -4.58, a P/E/G ratio of 0.19 and a beta of 1.69. 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 business has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $5.99.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.18. The company had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. Research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.94 earnings per share for the current 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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