American Axle & Manufacturing (NYSE:DCH) Shares Gap Down After Analyst Downgrade

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price gapped down prior to trading on Wednesday after Jefferies Financial Group downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $5.91, but opened at $5.62. Jefferies Financial Group now has a $7.10 price target on the stock, down from their previous price target of $8.25. American Axle & Manufacturing shares last traded at $5.5450, with a volume of 627,345 shares changing hands.

A number of other equities analysts have also issued reports on DCH. Stifel Nicolaus upped their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, August 10th. BWS Financial reissued a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Barclays upped their price target on shares of American Axle & Manufacturing from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Royal Bank Of Canada raised their price objective on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.76.

American Axle & Manufacturing Price Performance

The stock has a fifty day moving average price of $6.19. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -5.16, a price-to-earnings-growth ratio of 0.20 and a beta of 1.63. 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 posted its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.96 billion for the quarter. On average, equities analysts forecast 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 Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems for light trucks, SUVs, passenger cars and commercial vehicles. Its products include axles, driveshafts, differentials, transfer cases and other drivetrain components that transmit power from a vehicle’s engine or electric motor to its wheels.

The company also produces components and systems through its metal-forming, casting, machining and engineering operations.