TD Cowen Lowers American Axle & Manufacturing (NYSE:DCH) Price Target to $7.00

American Axle & Manufacturing (NYSE:DCH) had its target price lowered by equities researchers at TD Cowen from $8.00 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 21.00% from the company’s previous close.

Other analysts have also issued reports about the company. Weiss Ratings began coverage on American Axle & Manufacturing in a report on Wednesday, March 11th. They issued a “sell (d)” rating on the stock. Zacks Research upgraded American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Wall Street Zen lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $7.00.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock opened at $5.79 on Wednesday. The stock has a market capitalization of $1.37 billion, a PE ratio of -32.14, a PEG ratio of 0.62 and a beta of 1.63. American Axle & Manufacturing has a one year low of $3.20 and a one year high of $9.25. The company has a debt-to-equity ratio of 6.31, a quick ratio of 2.57 and a current ratio of 2.95.

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.