American Axle & Manufacturing (NYSE:DCH) Rating Lowered to “Buy” at Wall Street Zen

American Axle & Manufacturing (NYSE:DCH) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

DCH has been the subject of several other reports. Weiss Ratings began coverage on shares of American Axle & Manufacturing in a research note on Thursday, February 5th. They issued a “hold (c-)” rating for the company. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday. Jefferies Financial Group assumed coverage on American Axle & Manufacturing in a research note on Thursday. They set a “buy” rating and a $10.35 target price for the company. Zacks Research cut American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their price objective on American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.45.

American Axle & Manufacturing Stock Down 0.6%

Shares of American Axle & Manufacturing stock opened at $6.98 on Friday. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month 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 debt-to-equity ratio of 6.31, a current ratio of 2.95 and a quick ratio of 1.43.

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

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.