American Axle & Manufacturing (NYSE:DCH) Coverage Initiated by Analysts at Bank of America

Analysts at Bank of America initiated coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a report issued on Wednesday. The brokerage set a “neutral” rating on the stock.

DCH has been the topic of several other research reports. Jefferies Financial Group started coverage on American Axle & Manufacturing in a research note on Thursday, February 19th. They issued a “buy” rating and a $10.35 price objective on the stock. Wall Street Zen cut shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research lowered shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Royal Bank Of Canada reduced their price objective on shares of American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of American Axle & Manufacturing from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and an average target price of $12.45.

American Axle & Manufacturing Stock Up 2.6%

DCH stock traded up $0.16 during midday trading on Wednesday, reaching $6.20. 1,698,575 shares of the company’s stock traded hands, compared to its average volume of 7,731,589. The company has a current ratio of 2.95, a quick ratio of 2.57 and a debt-to-equity ratio of 6.31. American Axle & Manufacturing has a 52-week low of $3.00 and a 52-week high of $9.25. The stock has a market cap of $1.46 billion, a P/E ratio of -34.44, a P/E/G ratio of 0.36 and a beta of 1.61.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. American Axle & Manufacturing had a negative net margin of 0.34% and a positive return on equity of 10.00%. The firm had revenue of $1.38 billion during the quarter. During the same period in the previous year, the firm earned ($0.06) EPS. The company’s revenue was up .2% on a year-over-year basis.

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.