Stifel Nicolaus Increases American Axle & Manufacturing (NYSE:DCH) Price Target to $7.00

Key Points

• Stifel Nicolaus raised American Axle & Manufacturing’s price target from $6.00 to $7.00 while maintaining a “hold” rating, implying approximately 10.18% upside from the cited share price.
• Analyst sentiment remains mixed, with an overall “Hold” consensus and an average price target of $9.57; ratings include three Buys, five Holds, and one Sell.
• American Axle reported quarterly EPS of $0.32, beating the $0.14 consensus estimate, on revenue of $2.96 billion, although the company continues to post a negative net margin.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its price target increased by analysts at Stifel Nicolaus from $6.00 to $7.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 10.18% from the company's current price.

DCH has been the subject of several other research reports. JPMorgan Chase & Co. assumed coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a "neutral" rating and a $8.00 price target for the company. BWS Financial reaffirmed a "buy" rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Thursday, June 25th. Royal Bank Of Canada upped their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Wall Street Zen cut American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $9.57.

American Axle & Manufacturing Price Performance

Shares of American Axle & Manufacturing stock opened at $6.35 on Monday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 0.27 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.40 and a quick ratio of 1.02. The firm has a fifty day simple moving average of $5.77. American Axle & Manufacturing has a 52-week low of $4.47 and a 52-week high of $9.25.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.18. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. The company had revenue of $2.96 billion during the quarter. Analysts predict that American Axle & Manufacturing will post 0.78 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.

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