American Axle & Manufacturing (NYSE:DCH) Earns Buy Rating from Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of American Axle & Manufacturing (NYSE:DCHGet Free Report) in a report issued on Thursday. The firm set a “buy” rating and a $10.35 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 45.16% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada dropped their target price on shares of American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday. Zacks Research cut shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. BWS Financial reissued a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday. Finally, Weiss Ratings initiated coverage on American Axle & Manufacturing in a research report on Thursday, February 5th. They issued a “hold (c-)” rating for the company. 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. According to MarketBeat, American Axle & Manufacturing has an average rating of “Hold” and a consensus price target of $12.45.

Check Out Our Latest Stock Analysis on American Axle & Manufacturing

American Axle & Manufacturing Stock Down 2.1%

Shares of American Axle & Manufacturing stock opened at $7.13 on Thursday. 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 $846.30 million, a PE ratio of -39.61 and a beta of 1.60. The company has a current ratio of 2.95, a quick ratio of 1.43 and a debt-to-equity ratio of 6.31.

American Axle & Manufacturing (NYSE:DCHGet Free Report) last released its quarterly earnings results on Friday, February 13th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $1.38 billion during 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 last year, the business earned ($0.06) EPS.

Key Headlines Impacting American Axle & Manufacturing

Here are the key news stories impacting American Axle & Manufacturing this week:

About American Axle & Manufacturing

(Get Free Report)

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.

Further Reading

Analyst Recommendations for American Axle & Manufacturing (NYSE:DCH)

Receive News & Ratings for American Axle & Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.