Jefferies Financial Group Initiates Coverage on American Axle & Manufacturing (NYSE:DCH)

Jefferies Financial Group began coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $10.35 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 48.28% from the stock’s previous close.

Several other brokerages have also commented on DCH. Weiss Ratings started coverage on shares of American Axle & Manufacturing in a research report on Thursday, February 5th. They issued a “hold (c-)” rating for the company. Royal Bank Of Canada cut their price target on shares of American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Research downgraded shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, BWS Financial reissued a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.45.

American Axle & Manufacturing Stock Performance

Shares of DCH stock opened at $6.98 on Thursday. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $9.25. The firm has a market cap of $828.53 million, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.39 and a beta of 1.60. The company has a current ratio of 2.95, a quick ratio of 1.43 and a debt-to-equity ratio of 6.31.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, February 13th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. American Axle & Manufacturing had a positive return on equity of 10.00% and a negative net margin of 0.34%.The company had revenue of $1.38 billion during the quarter. During the same quarter last year, the business posted ($0.06) earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year.

About American Axle & Manufacturing

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.