American Axle & Manufacturing (NYSE:DCH) Shares Down 7.3% – Here’s What Happened

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price dropped 7.3% during trading on Tuesday . The stock traded as low as $5.75 and last traded at $5.7450. Approximately 2,233,721 shares were traded during trading, a decline of 63% from the average daily volume of 6,057,651 shares. The stock had previously closed at $6.20.

Analysts Set New Price Targets

DCH has been the subject of several recent analyst reports. TD Cowen reduced their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wall Street Zen cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings initiated coverage on shares of American Axle & Manufacturing in a research note on Wednesday, March 11th. They set a “sell (d)” rating for the company. Finally, BWS Financial reaffirmed a “buy” rating and set a $17.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.25.

American Axle & Manufacturing Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 3.43. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -7.55, a PEG ratio of 0.30 and a beta of 1.52. The stock has a 50 day moving average of $5.89.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, May 8th. The company reported $0.34 EPS for the quarter, topping 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. American Axle & Manufacturing’s revenue was up 68.6% on a year-over-year basis. As a group, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.7 earnings per share for the current 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.