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

American Axle & Manufacturing (NYSE:AXL) had its price target cut by UBS Group from $6.50 to $6.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

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

American Axle & Manufacturing Trading Up 0.3 %

NYSE AXL opened at $5.87 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing has a 52 week low of $4.70 and a 52 week high of $7.98. The stock has a market capitalization of $689.61 million, a PE ratio of 20.95 and a beta of 1.94. The firm has a 50 day moving average of $5.66 and a two-hundred day moving average of $6.05.

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

Institutional Trading of American Axle & Manufacturing

Large investors have recently bought and sold shares of the business. KBC Group NV raised its position in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after buying an additional 3,211 shares during the last quarter. Lazard Asset Management LLC purchased a new position in American Axle & Manufacturing during the 4th quarter worth $51,000. XTX Topco Ltd purchased a new position in American Axle & Manufacturing during the 3rd quarter worth $62,000. Ethic Inc. purchased a new position in American Axle & Manufacturing during the 4th quarter worth $59,000. Finally, Ground Swell Capital LLC purchased a new position in American Axle & Manufacturing during the 4th quarter worth $61,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

About American Axle & Manufacturing

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.