American Axle & Manufacturing (NYSE:DCH) Trading Up 7.9% – Should You Buy?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) shot up 7.9% on Wednesday . The stock traded as high as $6.60 and last traded at $6.5590. Approximately 992,804 shares were traded during trading, a decline of 80% from the average session volume of 4,946,989 shares. The stock had previously closed at $6.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DCH shares. Royal Bank Of Canada increased their target price 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 increased their target price on American Axle & Manufacturing from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Stifel Nicolaus lifted their price target 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. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Finally, Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.71.

American Axle & Manufacturing Trading Up 7.8%

The company has a fifty day simple moving average of $5.85. The company has a market capitalization of $1.56 billion, a P/E ratio of -6.07, a P/E/G ratio of 0.21 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32.

American Axle & Manufacturing (NYSE:DCH) last issued its quarterly earnings results 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. 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 research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.96 EPS for the current 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.