Stifel Nicolaus Forecasts Strong Price Appreciation for American Axle & Manufacturing (NYSE:DCH) Stock

American Axle & Manufacturing (NYSE:DCH) had its price objective lifted by equities research analysts at Stifel Nicolaus from $6.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 10.18% from the company’s previous close.

DCH has been the subject of a number of other reports. Wall Street Zen lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Royal Bank Of Canada upped their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Barclays initiated coverage on shares of American Axle & Manufacturing in a report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price objective for the company. Finally, TD Cowen dropped their target price 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. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.57.

American Axle & Manufacturing Price Performance

NYSE DCH opened at $6.35 on Monday. The stock’s 50 day simple moving average is $5.77. American Axle & Manufacturing has a one year low of $4.47 and a one year high of $9.25. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 0.27 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.18. The firm had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. As a group, equities analysts expect 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.