Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) PT at $9.43

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.4286.

Several research firms have recently weighed in on DCH. JPMorgan Chase & Co. assumed coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price on the stock. Royal Bank Of Canada lifted their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Monday, June 8th. Finally, UBS Group decreased their price objective on shares of American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th.

American Axle & Manufacturing Price Performance

Shares of DCH stock opened at $5.58 on Friday. The company has a fifty day moving average of $5.86. American Axle & Manufacturing has a one year low of $4.26 and a one year high of $9.25. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -7.35, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings data on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.38. The firm had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The company’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, research analysts anticipate that American Axle & Manufacturing will post 0.78 earnings per share for the current 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.