UBS Group Cuts American Axle & Manufacturing (NYSE:AXL) Price Target to $6.00

American Axle & Manufacturing (NYSE:AXL) had its price target decreased by UBS Group from $6.50 to $6.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also issued reports about the stock. Barclays decreased their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus target price of $6.75.

American Axle & Manufacturing Stock Up 0.3 %

AXL stock opened at $5.87 on Tuesday. The firm has a market cap of $689.61 million, a PE ratio of 20.95 and a beta of 1.94. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm’s fifty day moving average is $5.66 and its 200 day moving average is $6.05. American Axle & Manufacturing has a one year low of $4.70 and a one year high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. American Axle & Manufacturing’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, research analysts forecast that American Axle & Manufacturing will post 0.52 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV raised its stake in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $51,000. Ethic Inc. purchased a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $59,000. Ground Swell Capital LLC purchased a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $61,000. Finally, XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.