American Axle & Manufacturing (NYSE:DCH) Shares Down 9.3% – Here’s Why

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price was down 9.3% during mid-day trading on Monday . The company traded as low as $4.94 and last traded at $4.9450. Approximately 2,318,341 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 5,617,005 shares. The stock had previously closed at $5.45.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DCH. Royal Bank Of Canada upped their price target on American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a research note on Monday, June 8th. Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and a consensus price target of $9.80.

American Axle & Manufacturing Stock Down 4.5%

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 firm has a market capitalization of $1.24 billion, a PE ratio of -6.86, a PEG ratio of 0.23 and a beta of 1.57. The stock’s fifty day simple moving average is $6.17.

American Axle & Manufacturing (NYSE:DCH) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.38. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.The company had revenue of $2.38 billion during the quarter. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.77 EPS for the current fiscal 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.