American Axle & Manufacturing (NYSE:DCH) Given New $10.00 Price Target at Royal Bank Of Canada

American Axle & Manufacturing (NYSE:DCH) had its target price trimmed by Royal Bank Of Canada from $12.00 to $10.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings initiated coverage on shares of American Axle & Manufacturing in a report on Thursday, February 5th. They issued a “hold (c-)” rating on the stock. Zacks Research lowered shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.50.

American Axle & Manufacturing Trading Up 0.4%

Shares of NYSE:DCH opened at $7.28 on Tuesday. American Axle & Manufacturing has a 12 month low of $3.00 and a 12 month high of $9.25. The firm has a market cap of $864.14 million, a P/E ratio of 13.68 and a beta of 1.60. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, February 13th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. American Axle & Manufacturing had a positive return on equity of 9.92% and a negative net margin of 0.34%.The firm had revenue of $1.38 billion for the quarter. During the same quarter in the prior year, the business earned ($0.06) EPS. The company’s quarterly revenue was up .2% compared to the same quarter last 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.