American Axle & Manufacturing (NYSE:DCH) Research Coverage Started at Bank of America

Bank of America assumed coverage on shares of American Axle & Manufacturing (NYSE:DCH) in a research note published on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating on the auto parts company’s stock.

DCH has been the topic of several other reports. Jefferies Financial Group started coverage on shares of American Axle & Manufacturing in a report on Thursday, February 19th. They issued a “buy” rating and a $10.35 price objective on the stock. Royal Bank Of Canada reduced their target price on shares of American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. UBS Group increased their price target on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a report on Wednesday, January 14th. 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. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.12.

American Axle & Manufacturing Trading Down 4.6%

Shares of NYSE DCH opened at $5.57 on Wednesday. The company has a quick ratio of 2.57, a current ratio of 2.95 and a debt-to-equity ratio of 6.31. American Axle & Manufacturing has a 12 month low of $3.00 and a 12 month high of $9.25. The company has a market cap of $1.31 billion, a PE ratio of -30.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61.

American Axle & Manufacturing (NYSE:DCH) last posted its quarterly earnings results on Friday, February 13th. The auto parts company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. American Axle & Manufacturing had a positive return on equity of 10.00% and a negative net margin of 0.34%.The business had revenue of $1.38 billion for the quarter. During the same quarter last year, the company posted ($0.06) EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Trading of American Axle & Manufacturing

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. grew its position in shares of American Axle & Manufacturing by 66.1% during the 4th quarter. Invesco Ltd. now owns 3,352,470 shares of the auto parts company’s stock worth $21,489,000 after purchasing an additional 1,334,115 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of American Axle & Manufacturing during the fourth quarter worth approximately $136,000. VARCOV Co. acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $992,000. Susquehanna Portfolio Strategies LLC raised its position in shares of American Axle & Manufacturing by 160.1% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 313,568 shares of the auto parts company’s stock valued at $2,010,000 after buying an additional 193,015 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $173,000. Institutional investors own 91.41% of the company’s stock.

Trending Headlines about American Axle & Manufacturing

Here are the key news stories impacting American Axle & Manufacturing this week:

• Positive Sentiment: Deutsche Bank upgraded DCH from “hold” to “buy” and set an $8.00 price target (≈42.6% above the current price), which can attract buyers and provide near-term upside support. Deutsche Bank Upgrade
• Positive Sentiment: Recent quarterly results showed an earnings beat (Q4 EPS of $0.07 vs. consensus ($0.02)) and slight year-over-year revenue growth, giving fundamental backing to the upgrade and reducing downside risk from operations. DCH Earnings Summary
• Neutral Sentiment: Multiple short-form “head-to-head” competitor comparison pieces were published (AmericanBankingNews ran several March 5–6 articles). These are largely aggregative comparisons rather than proprietary catalysts, so they increase newsflow but are unlikely to materially change fundamentals on their own. AmericanBankingNews Head-to-Head
• Negative Sentiment: Technical and balance-sheet/market-pressure factors may be weighing on the stock: DCH sits below its 50‑day moving average (~$8.23), average trading volume is higher than today’s volume (suggesting weaker conviction), and the company carries significant leverage (debt/equity ~3.61), which can limit upside and increase downside risk in a weak auto-cycle. DCH Price & Metrics

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.