American Axle & Manufacturing (NYSE:DCH) Price Target Lowered to $6.00 at Stifel Nicolaus

American Axle & Manufacturing (NYSE:DCH) had its target price lowered by Stifel Nicolaus from $7.00 to $6.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

DCH has been the subject of a number of other research reports. Wall Street Zen downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. UBS Group decreased their target price on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. assumed coverage on American Axle & Manufacturing in a research report on Tuesday, July 7th. They set a “neutral” rating and a $8.00 target price on the stock. Royal Bank Of Canada boosted their price target on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, TD Cowen reduced their price target on American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.43.

American Axle & Manufacturing Trading Down 2.4%

DCH opened at $5.31 on Monday. The business has a 50 day simple moving average of $5.95. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.04 and a current ratio of 1.40. The stock has a market capitalization of $1.26 billion, a P/E ratio of -6.99, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60. American Axle & Manufacturing has a 12-month low of $4.26 and a 12-month high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The business had revenue of $2.38 billion during the quarter. The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. As a group, analysts predict that American Axle & Manufacturing will post 0.78 EPS 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.