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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) were up 9.3% during trading on Friday . The company traded as high as $6.97 and last traded at $6.95. Approximately 1,998,466 shares traded hands during trading, a decline of 61% from the average daily volume of 5,074,713 shares. The stock had previously closed at $6.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DCH shares. 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 research report on Monday, July 13th. Barclays raised their price objective on American Axle & Manufacturing from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group reduced their price objective on American Axle & Manufacturing from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, BWS Financial reissued a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.71.

American Axle & Manufacturing Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average is $5.83. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60.

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, topping the consensus estimate of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%.The firm had revenue of $2.96 billion during the quarter. On average, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.96 earnings per share 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.